KRX activates buy-side sidecar for KOSPI on sharp rise
Korea's bourse operator on Wednesday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index sharply rose. Program trading for the KOSPI-listed shares was suspended for five minutes at 10:51 a.m., according to the Korea Exchange (KRX). After opening 2.05 percent higher, the KOSPI gained 247.81 points, or 4.46 percent, to 5,800.55 as of 11:02…
The Korea Exchange (KRX) has activated a buy-side sidecar for the KOSPI index following a sharp rise in the benchmark stock price index. The KOSPI, which had risen 2.05 percent to 5,800.55 in the morning, gained 247.81 points, or 4.46 percent, as of 11:02 a.m. The index rebounded after falling nearly 4 percent the previous session, with investors concerned about profitability from heavy investments in artificial intelligence (AI) infrastructure.
A buy-side sidecar is activated when the KOSPI 200 Futures Index rises 5 percent or more for at least one minute, triggering program trading for the KOSPI-listed shares.
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.
Also reported by 2 other outlets
- KRX activates buy-side sidecar for KOSPI on sharp rise koreatimes.co.kr
- KRX activates buy-side sidecar for KOSPI on sharp rise en.yna.co.kr
