On the morning of the 10th, a buy-sidecar was triggered in the KOSPI market. This was due to the KOSPI 200 futures index soaring nearly 6%.
The Korea Exchange announced that at 9:06 a.m. that day, a temporary suspension of program buy orders (sidecar) was activated in the KOSPI market. At the time of activation, the KOSPI 200 futures index had surged 5.76% compared to the previous trading day, reaching 322.20.
The activation of the KOSPI buy-sidecar occurred for the first time in over eight months since August 6 of last year, when global stock markets rebounded after a sharp decline. Previously, on the 7th, a KOSPI sell-sidecar was triggered due to a market plunge caused by tariff shocks.
The KOSPI sidecar is triggered when the KOSPI 200 futures price rises more than 5% above the reference price and sustains for one minute, suspending the effectiveness of program buy (sell) orders for five minutes. It is automatically lifted after five minutes. However, it is applied only once per day and is not triggered during the first five minutes after the regular market opens or within 40 minutes before market close.
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