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 rose sharply. Program trading for the KOSPI-listed shares was suspended for five minutes at 9:53 a.m., according to the Korea Exchange (KRX). After opening 2.23 percent higher, the KOSPI added 255.92 points, or 4.54 percent, to 5,894.26 as of 9:55 a.m.…
On Wednesday, Korea's main stock market operator, KRX, activated a buy-side sidecar for the KOSPI index following a sharp rise. Program trading for shares listed on the KOSPI was halted for five minutes at 9:53 a.m. The KOSPI, which had opened 2.23% higher, surged 4.54% to 5,894.26 points by 9:55 a.m. This significant gain was fueled by robust earnings from semiconductor companies, driven by artificial intelligence, and positive investor sentiment ahead of the Federal Reserve's interest rate decision.
Prior to market open, SK hynix Inc. reported record-breaking revenue and operating profit for the third quarter, propelled by strong demand for memory chips. The company announced a shareholder return program worth over 100 trillion won ($75.3 billion) for 2026. A buy-side sidecar is set in motion when the KOSPI 200 Futures Index experiences a 5% increase or more for a minimum of one minute.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- KRX activates buy-side sidecar for KOSPI on sharp rise en.yna.co.kr
- KRX activates buy-side sidecar for KOSPI on sharp rise koreatimes.co.kr
