KRX Activates Buy-Side Sidecar for KOSPI on Sharp Rise
8 Articles
8 Articles
The KOSPI surged 4% in early trading, triggering a buy-side circuit breaker, a mechanism designed to mitigate stock market volatility. As of 11:01 AM on the 21st, the KOSPI stood at 5,804.39, up 4.53% from the previous day. The index opened at 5,666.34, up 2.05% from the previous day, and rapidly widened its gains.
(Seoul = Yonhap News) Reporter Kim Yu-ah = The KOSPI widened its gains on the 21st, triggering a buy-side circuit breaker for the first time in two months.
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 a.m. The index rebounded after plunging nearly 4 perc…
On the 21st, a buy sidecar was triggered in the KOSPI market, suspending the validity of program buy orders for five minutes due to a sharp rise in the index. The exchange took action after KOSPI 200 futures prices rose by more than 5% and remained at that level for one minute; the inflow of bargain buying and the simultaneous rise of large-cap semiconductor stocks are analyzed as the main causes of the index rebound.
The KOSPI surged more than 4% on the 21st, triggering a buy-side circuit breaker for the first time in two months. The Korea Exchange activated the buy-side circuit breaker, which temporarily suspends the validity of program buy orders in the securities market, at 10:51:56 AM. This measure was taken as the price of futures based on the KOSPI 200 rose by more than 5% and remained at that level for over one minute. At the time of activation, the …
[Digital Daily Reporter Kang Ki-hoon] The KOSPI, which had plummeted more than 3% the previous day, surged more than 4% in a single day, triggering a buy-side circuit breaker. With foreign and institutional investors engaging in simultaneous net buying, major semiconductor stocks such as Samsung Electronics and SK Hynix are driving the index up, recording gains in the 7–8% range. The KOSPI surpassed the 5,800 mark during trading, and the KOSDAQ …
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