[Breaking] KOSPI Buy-Sidecar Triggered... KOSPI 200 Futures Surge 6%
As U.S. President Donald Trump expressed his willingness to agree to a two-week ceasefire in the Middle East war, a buy-sidecar was triggered on the Korea Exchange on April 8 due to a sharp surge in the KOSPI 200 futures index.
On the 8th, the KOSPI is displayed in the dealing room of Hana Bank headquarters in Jung-gu, Seoul. Photo by Yonhap News
View original imageThe Korea Exchange announced that, starting at 9:06:02 a.m. on this day, trading on program buy orders in the KOSPI market was temporarily suspended as the buy-sidecar was activated.
At the time the sidecar was triggered, the KOSPI 200 futures index stood at 875.45, up 51.35 points (6.23%) compared to the previous trading day.
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The KOSPI sidecar is activated when the KOSPI 200 futures price rises by 5% or more from the reference price and maintains that level for one minute, resulting in a five-minute suspension of program buy orders.
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