KOSDAQ surges over 5% to trigger buy sidecar, reclaiming 800 mark

Oct 16, 2026, 04:26 pm

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A view of Hana Bank's dealing room on the 16th. / Yonhap News

 

As the KOSDAQ index surged on the 16th, a temporary halt on program buy orders, known as a buy sidecar, was activated.

 

According to the Korea Exchange on that day, program buy orders were suspended for five minutes on the KOSDAQ market at 12:55 p.m.

 

A KOSDAQ buy sidecar is triggered when the front-month KOSDAQ 150 futures contract rises 6% or more from the previous session and the KOSDAQ 150 index gains 3% or more, with that trend lasting for one minute.

 

As of 1:38 p.m. on the same day, the KOSDAQ index was trading at 801.56, up 5.35% from the previous trading session.

 

                                                                                                              Han Hye-sung


#KOSDAQ #Sidecar 
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