South Korea Activates KOSPI Buy-Side Sidecar Amid Sharp Tech-Led Gains
L'essentiel
South Korea's bourse operator, Korea Exchange (KRX), activated a buy-side sidecar for the KOSPI index on Tuesday, suspending program trading for five minutes, as the benchmark index sharply rose by 4.18 percent, driven by tech sector gains.
Résumé généré par IA
Pourquoi c'est important
A buy-side sidecar is a market mechanism triggered when the KOSPI 200 Futures index rises 5% or more for at least one minute, suspending program trading for five minutes.
SEOUL, July 21 (Yonhap) -- South Korea's bourse operator on Tuesday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index sharply rose, led by tech gains.
Program trading for the KOSPI-listed shares was suspended for five minutes at 12:41 p.m., according to the Korea Exchange (KRX).
After opening 0.58 percent higher, the KOSPI rose 267.04 points, or 4.18 percent, to 6,788.51 as of 12:43 p.m.
A buy-side sidecar is triggered when the KOSPI 200 Futures index rises 5 percent or more for at least one minute.
