Summary
- The Kospi's sharp rise triggered a temporary suspension of program buy orders (buy sidecar) on the main board.
- At 12:41:29 p.m., the Kospi 200 futures index stood at 1,086.58, up 53.44 points, or 5.17%, from the previous close.
- The Kospi was up more than 4% on the day, while the Kosdaq index turned higher and rose 0.5% to trade in slightly positive territory.
A buy sidecar, which temporarily suspends program buy orders, was triggered on South Korea's main stock market as the Kospi surged.
According to the Korea Exchange on July 21, program buy orders were suspended for five minutes starting at 12:41:29 p.m. after a sharp move in the Kospi 200 futures index. When the sidecar was triggered, the Kospi 200 futures index stood at 1,086.58, up 53.44 points, or 5.17%, from the previous close.
The Kospi was up more than 4% on the day. The Kosdaq index, which had fallen in the morning, turned higher and was up 0.5% at 753.40 at the same time.
Lee Jeong-woo, Hankyung.com reporter krse9059@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.