KOSPI Surges Over 4%, Buy Sidecar Triggered; KOSDAQ Also Turns to Gains

The KOSPI has surged, triggering a buy sidecar, which temporarily suspends the execution of program buy orders.

The Korea Exchange announced that it suspended the effect of program buy orders for five minutes starting at 12:41:29 p.m. today (July 21) due to fluctuations in the KOSPI 200 futures index.

At the time of the trigger, the KOSPI 200 futures index was at 1,086.58, up 53.44 points or 5.17% from yesterday's closing price.

A KOSPI buy sidecar is triggered when the KOSPI 200 futures price rises by 5% or more from the reference price and maintains that level for one minute.

Once the sidecar is triggered, the effect of program buy orders is suspended for five minutes.

The KOSPI is currently showing a gain of over 4%.

The KOSDAQ index, which had been trending downward during the morning, has turned to gains.

At the same time, the KOSDAQ index is showing a slight upward trend, rising 0.5% to 753.40.
※ Please note: This article was translated by AI and may contain errors.