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. This triggered program trading for KOSPI-listed shares, which was suspended for five minutes at 10:51 a.m. The index opened 2.05 percent higher and gained 247.81 points, or 4.46 percent, reaching 5,800.55 as of 11:02 a.m. The KOSPI rebounded after falling nearly 4 percent the previous session due to concerns over profitability stemming from heavy investments in AI infrastructure.
The buy-side sidecar is activated when the KOSPI 200 Futures Index rises 5 percent or more for at least one minute.
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- 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
