KOSDAQ Surges Over 3% to Turn Higher, Buy Sidecar Triggered

The KOSDAQ index surged on the 3rd, prompting the trigger of a buy sidecar.

At 10:28 a.m. today, program buy orders were temporarily suspended for 5 minutes due to fluctuations in the KOSDAQ 150 futures and the KOSDAQ 150 index.

At the time of the trigger, the KOSDAQ 150 futures rose 75.80 points (6.41%) and the KOSDAQ 150 index increased by 38.12 points (3.13%) from the previous session.

A KOSDAQ sidecar is triggered when the price of KOSDAQ 150 futures rises by 6% or more compared to the base price and the KOSDAQ 150 index rises by 3% or more compared to the final figure of the previous trading day, and both conditions persist simultaneously for 1 minute.

As of 10:37 a.m. when the sidecar was lifted, the KOSDAQ index stood at 743.92, up 3.36% (24.16 points).

Meanwhile, the KOSPI index stood at 6,263.94, down 5.03% (331.51 points).

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