Sidecar Triggered on KOSDAQ Following Sharp Surge

A sidecar, which temporarily suspends program buy orders, was triggered on the KOSDAQ market on June 29 following a sharp surge in the index.

According to the Korea Exchange, the program buy order suspension was activated at approximately 9:28:31 a.m. today due to fluctuations in KOSDAQ 150 futures and the KOSDAQ 150 index, halting program buy orders for five minutes.

At the time of activation, KOSDAQ 150 futures had risen by 96.20 points (6.18%) from the previous day's closing price, and the KOSDAQ 150 index had climbed by 95.86 points (6.22%).

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

A KOSDAQ 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 closing value of the previous trading day, with both conditions sustained for one minute.

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