KOSPI Surges More Than 4%, Triggering Buy-Sidecar
The KOSPI surged more than 4% during the session, triggering a temporary suspension of program buy orders (buy-sidecar) in the securities market.
The KOSPI, KOSDAQ and won-dollar exchange rate are displayed in the dealing room at Hana Bank's headquarters in Jung District, Seoul, on the morning of the 27th. Yonhap News Agency.
View original imageAccording to the Korea Exchange, program buy orders in the securities market were suspended for five minutes at around 10:13:53 a.m. on the 27th due to a change in the KOSPI 200 Futures Index. This was the first activation in four trading days, since the 21st.
At the time, the KOSPI 200 Futures Index stood at 893.02, up 43.00 points (5.05%) from the previous day's closing level.
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A KOSPI buy-sidecar is triggered when the price of KOSPI 200 futures rises by at least 5% from its benchmark price and remains at that level for one minute.
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