![]() |
| Traders monitor stock fluctuations inside the KEB Hana Bank dealing room in Jung-gu, Seoul. / Courtesy of Yonhap News |
The Korea Exchange announced on the 29th that a temporary halt on program buying orders—a buying sidecar—has been triggered due to a surge in the Kosdaq market.
A Kosdaq buying sidecar is enacted when the Kosdaq 150 futures price increases by 6% or more, and the Kosdaq 150 index rises by 3% or more, with both conditions persisting for one minute.
The exchange disclosed that as of 9:28:31 AM on this day, the validity of program buying orders would be suspended for five minutes due to extreme fluctuations in the Kosdaq 150 futures price and the spot index (Kosdaq 150).
At the exact time of invocation, the Kosdaq 150 futures price stood at 1,650.50, marking a 6.18% climb relative to the prior day's closing price, while the Kosdaq 150 spot index hovered at 1,636.63, up 6.22%.
As of 9:44 AM on this day, the Kosdaq index is recording 903.52, rising 6.13% compared to the previous day.
Han Hye-sung
1
2
3
4
5
6
7