Started Lower but Rebounds with a 4% Surge

The KOSDAQ index reversed its course early in the session and rose to the 4% range, triggering a buy-side sidecar (temporary suspension of buy orders).


According to the Korea Exchange, at around 10:28 a.m. on August 3, volatility in the KOSDAQ150 futures price and spot index led to the activation of a buy-side sidecar on the KOSDAQ market. As a result, the effectiveness of program buy orders was suspended for five minutes.


On the 3rd, employees are monitoring the stock market and exchange rates in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On that day, the KOSPI opened at 6358.27, down 3.6% from the previous trading day, continuing its downward trend, while the KOSDAQ opened at 709.00, down 1.3%, then switched to an upward trend. August 3, 2026 Photo by Cho Yongjun

On the 3rd, employees are monitoring the stock market and exchange rates in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On that day, the KOSPI opened at 6358.27, down 3.6% from the previous trading day, continuing its downward trend, while the KOSDAQ opened at 709.00, down 1.3%, then switched to an upward trend. August 3, 2026 Photo by Cho Yongjun

View original image

At the time the sidecar was triggered, the futures price stood at 1,257.30, up 75.80 from the previous trading day's closing price of 1,181.50.


KOSDAQ opened at 709.99, down 1.36% from the previous session, but as of 10:52 a.m., was trading at 751.43, up 4.40%.



In contrast, KOSPI started the day with a drop of over 3% and further widened its decline, falling to 6,311.52, down 4.30% from the previous session.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.

Today’s Briefing