KOSPI and KOSDAQ Trigger Buy Sidecars Following Sharp Surge

Program buy sidecars were triggered on both the KOSPI and KOSDAQ markets today (the 15th) as stock indices surged.

According to the Korea Exchange, the effectiveness of program buy orders on the KOSPI market was suspended for five minutes starting at 9:06:41 a.m. due to volatility in the KOSPI 200 futures index.

At the time of the trigger, the KOSPI 200 futures index stood at 1,170.60, up 71.50 points (6.50%) 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 sustains that level for one minute, suspending the effectiveness of program buy orders for five minutes.

Subsequently, a buy sidecar was also triggered in the KOSDAQ market at approximately 9:17:14 a.m.

At the time of the trigger, the KOSDAQ 150 futures price was 1,439.50, up 83.00 points (6.11%) from the previous day's closing price, and the KOSDAQ 150 spot index was 1,433.80, up 79.44 points (5.86%).

A KOSDAQ buy sidecar is triggered when the KOSDAQ 150 futures price rises by 6% or more from the reference price and the KOSDAQ 150 index rises by 3% or more from the previous trading day's closing value, with both conditions sustained for one minute.

The KOSPI is currently showing a rise of 7%, while the KOSDAQ is up by 4%.

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