KRX Triggers KOSPI Buy-Side Sidecar After 11.05% Surge
Updated
Updated · 코리아타임스 · Jul 31
KRX Triggers KOSPI Buy-Side Sidecar After 11.05% Surge
1 articles · Updated · 코리아타임스 · Jul 31
Summary
Program trading in KOSPI-listed shares was halted for five minutes at 9:06 a.m., minutes after the Seoul market opened, when the Korea Exchange activated a buy-side sidecar.
An 11.05% jump in the KOSPI by 9:07 a.m. — after a 1.15% higher open — drove the move, with tech stocks leading the surge.
The safeguard is triggered when the KOSPI 200 Futures index rises at least 5% and holds that gain for one minute, temporarily pausing program trades to cool volatility.