KOSDAQ Surge Triggers 'Buy-Sidecar'
The KOSDAQ surged more than 5% during trading, triggering a buy-sidecar (temporary suspension of order quotes).
The KOSPI opened more than 1% higher on Oct. 16, recovering from a sharp decline that continued through the previous day. The domestic stock market was shown on an electronic board at Hana Bank's dealing room in Jung-gu, Seoul. 2026.10.16. Photo by Kang Jinhyung
View original imageAccording to the Korea Exchange, at 12:55:23 p.m. on October 16, program buy orders were suspended for five minutes due to fluctuations in KOSDAQ 150 futures prices and the KOSDAQ 150 Index.
At the time the sidecar was triggered, KOSDAQ 150 futures had risen 77.80 points (6.02%) from the previous day's close, while the KOSDAQ 150 Index was up 72.59 points (5.65%).
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The previous day, a sell-sidecar and a circuit breaker were triggered in succession on the KOSDAQ, and the index plunged by more than 7% before trading ended.
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