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.…
The Korea Exchange (KRX) activated a buy-side sidecar for the KOSPI index on Wednesday as the benchmark stock price index surged sharply. Program trading for KOSPI-listed shares was temporarily suspended for five minutes at 9:53 a.m. According to KRX, the KOSPI opened 2.23 percent higher, adding 255.92 points, or 4.54 percent, to reach 5,894.26 as of 9:55 a.m.
The index's impressive rally can be attributed to robust earnings from artificial intelligence (AI)-driven semiconductor companies, which boosted investor confidence. This positive momentum was fueled by anticipation of the Federal Reserve's decision on interest rates. Prior to the market opening, SK hynix Inc. disclosed record-breaking revenue and operating profit for the third quarter, fueled by surging demand for memory chips.
The company also announced a shareholder return program worth over 100 trillion won ($75.3 billion) for 2026.
A buy-side sidecar is a mechanism triggered when the KOSPI 200 Futures Index experiences a 5 percent rise or greater 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
