KRX issues buy-side sidecar for KOSPI on sharp rise
By Yonhap
An electronic board at the dealing room of Hana Bank’s headquarters in Seoul shows the KOSPI index and exchange rate, Thursday. Yonhap
The Korea Exchange (KRX) on Thursday activated a trading halt on the main bourse due to a sharp rally led by tech firms.
A buy-side order in the Korea Composite Stock Price Index (KOSPI) futures was suspended for five minutes at around 9:23 a.m., according to the KRX.
The benchmark KOSPI opened at 7,486, up 277.42 points, or 3.85 percent, and further extended gains.
A buy-side sidecar is triggered when the KOSPI 200 Futures index increases 5 percent or more for at least one minute.