KOSPI Reclaims 8,000 Mark; 'Buy Sidecar' Triggered Amid Surge

The KOSPI expanded its gains during trading today (July 3) to reclaim the 8,000 mark.

As of 2:00 p.m., the KOSPI stood at 8,044.17, up 396.08 points from the previous trading session.

The index opened at 7,739.75, up 91.66 points, but briefly turned downward, falling as low as 7,378.10.

It later shifted to an upward trend during the session and expanded its gains, crossing the 8,000 threshold again at approximately 1:39 p.m.

Due to the sharp surge, a sidecar was triggered at approximately 1:47:16 p.m., suspending program buy orders for five minutes due to volatility in the KOSPI 200 futures index.

At the time of activation, the KOSPI 200 futures index was 1,292.54, up 62.78 points from the previous day's closing price.

This marks the first time a KOSPI buy sidecar has been triggered in six trading days since June 25.

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

Although the KOSPI faced downward pressure following the overnight decline in U.S. tech stocks, major domestic semiconductor stocks Samsung Electronics and SK Hynix surged during the session, driving the index higher.

Samsung Electronics fluctuated in early trading before expanding its gains to reach the 310,000 won range, and SK Hynix also rebounded sharply after showing a downward trend during the session.

Samsung Electronics and SK Hynix had fallen 9.06 percent and 14.57 percent, respectively, the previous day.

Meanwhile, at the same time, the KOSDAQ index was at 861.29, down 5.43 points from the previous session.

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