KOSDAQ Surges Over 5% as Buy-Side Sidecar Triggered for Third Consecutive Day
The KOSDAQ index climbed into the 5% range after an early-morning increase, triggering a buy-side sidecar (bid suspension).
According to the Korea Exchange, as of 10:47 a.m. on August 4, program buy bids were suspended for five minutes as the buy-side sidecar was triggered in the KOSDAQ market due to fluctuations in KOSDAQ150 futures and the spot index. This marks the third consecutive trading day after July 31 and the previous day.
At the moment the sidecar was triggered, the futures price stood at 1,339.10, up 6.09% from the previous day, while the KOSDAQ150 index was up 6.50% at 1,332.12.
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The KOSDAQ opened at 748.19, up 1.47% from the previous session, and was trading at 775.22, up 5.14%, as of 11:45 a.m. on the same day.
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