Trading floor scene with KOSPI surge alert and sidecar activation on screens.
Trading floor scene with KOSPI surge alert and sidecar activation on screens.
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KRX activates buy-side sidecar for KOSPI on sharp rise

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South Korea's bourse operator activated a buy-side sidecar for the KOSPI on Wednesday after the index surged sharply, suspending program trading for five minutes.

The Korea Exchange (KRX) suspended program trading for KOSPI-listed shares for five minutes at 9:06 a.m.

After opening 3.3 percent higher, the KOSPI rose 450.68 points, or 6.57 percent, to 7,307.51 as of 9:12 a.m.

The stock rise came as U.S. stocks closed higher in overnight trading, buoyed by a strong rebound in semiconductor shares and a softer-than-expected consumer price index.

A buy-side sidecar is triggered when the KOSPI 200 Futures index rises 5 percent or more for at least one minute.

Watu wanasema nini

Initial reactions on X highlight the KOSPI surge and sidecar activation as a volatility control measure, noting market value gains and tech stock rises. Some users provide analysis on leverage-driven rebounds and risks, while others explain the mechanism or flag potential liquidity impacts.

Makala yanayohusiana

Illustration of KRX activating sell-side sidecar for KOSPI amid sharp market decline
Picha iliyoundwa na AI

KRX activates sell-side sidecar for KOSPI on sharp decline

Imeripotiwa na AI Picha iliyoundwa na AI

South Korea's bourse operator activated a sell-side sidecar for the KOSPI index on Tuesday after it fell sharply. The move suspended program trading for five minutes.

South Korea's bourse operator activated a buy-side sidecar for the KOSPI on Monday after the index spiked on news of a U.S.-Iran peace deal.

Imeripotiwa na AI

South Korea's benchmark KOSPI index tumbled more than 5 percent on July 2 after heavy selling in semiconductor shares, prompting the Korea Exchange to activate a sell-side sidecar.

South Korean stocks opened at a fresh record high above 7,900 points on Tuesday, propelled by gains in major chipmakers. The KOSPI rose to 7,953.41 at the opening bell, marking the first time the index has crossed the 7,900 level.

Imeripotiwa na AI

Seoul stocks opened sharply higher Tuesday, rebounding from Monday's steep losses as technology shares recovered and news emerged of a ceasefire between Iran and Israel.

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