KOSPI Triggers 'Buy Sidecar' Following Early Morning Rebound

The KOSPI triggered a "sidecar"—a temporary suspension of program buy orders—as it surged by over 4% in early trading today (June 9).

According to the Korea Exchange, the sidecar was activated at 9:12:52 a.m. today due to volatility in the KOSPI 200 futures index, halting the execution of program buy orders for five minutes.

At the time of activation, the KOSPI 200 futures index stood at 1,239.05, up 60.80 points (5.16%) from the previous day's closing price.

A KOSPI sidecar is triggered when the KOSPI 200 futures price rises by 5% or more from the reference price and maintains that level for at least one minute, resulting in a five-minute suspension of program buy orders.

Yesterday, both the KOSPI and KOSDAQ markets saw consecutive circuit breakers and sell-side sidecars due to a sharp market plunge. However, just one day later, the market saw a rapid rebound, triggering a buy-side sidecar for the KOSPI.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.