KRX issues buy-side sidecar amid KOSDAQ's sharp increase

KRX has activated a buy-side sidecar for the secondary KOSDAQ market following a sharp increase in the stock index. This move comes after program trading in KOSDAQ-listed shares was suspended for five minutes at 12:55 p.m., as reported by The Korea Times on Friday. The previous day, KOSDAQ experienced a sell-side sidecar and a circuit breaker triggered during trading, with the index plunging more than 7 percent to close sharply lower.

However, the index rebounded 5.27 percent to 800.90 as of Friday afternoon, reclaiming the 800-point level just a day later. The buy-side sidecar is activated when KOSDAQ 150 futures rise at least 6 percent from the benchmark price and the KOSDAQ 150 index gains at least 3 percent from its previous trading day's closing level, with both conditions sustained for one minute.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.