KOSDAQ Surge Triggers Buy Sidecar

A buy sidecar, which temporarily suspends program trading, was triggered today (June 29) as the KOSDAQ index surged.

The Korea Exchange announced that the effectiveness of program buy orders was suspended for five minutes starting at 9:28:31 a.m. due to fluctuations in the KOSDAQ 150 futures price and the KOSDAQ 150 index.

At the time of the trigger, the KOSDAQ 150 futures were up 96.20 points, or 6.18 percent, from the previous trading day's closing price.

The KOSDAQ 150 index had risen by 95.86 points, or 6.22 percent.

This marks the first time a buy sidecar has been triggered on the KOSDAQ in approximately 12 trading days since June 11.

A KOSDAQ sidecar is triggered when the KOSDAQ 150 futures price rises by 6 percent or more from the base price and the KOSDAQ 150 index rises by 3 percent or more from the previous trading day's closing value, with both conditions sustained for one minute.
※ Please note: This article was translated by AI and may contain errors.