Photo : YONHAP News
A buy-side sidecar was triggered on the main bourse after KOSPI 200 futures surged more than five percent during intraday trading on Wednesday.
The Korea Exchange said it had activated the sidecar mechanism for five minutes, starting at 2:34 p.m., after the KOSPI 200 Futures Index rose five-point-08 percent from the previous day’s close to 887-point-25.
A KOSPI sidecar is triggered when KOSPI 200 futures rise by five percent or more from the previous session’s close and remain in that position for one minute.
This marks the first activation of a buy-side sidecar on the KOSPI market in six trading days.