Photo : YONHAP News
The benchmark Korea Composite Stock Price Index(KOSPI) surged more than five percent in early trading on Tuesday, prompting authorities to halt program buying.
The main bourse had gained 259-point-55 points, or five-point-17 percent, from the previous day’s close, standing at five-thousand-278-point-four, as of 9:26 a.m.
Program buying was halted on the main bourse at 9:06 a.m. after the KOSPI 200 Futures index rose 44-point-78 points, or five-point-76 percent, from the previous session to 821-point-04.
Shares rebounded overnight on Wall Street amid a drop in oil prices, driven by hopes for diplomatic talks to end the U.S.-Iran war, and a rally in tech shares, except Nvidia, whose CEO, Jensen Huang, faces controversy over his affair with a suspected Chinese spy.
The tech-heavy KOSDAQ increased 26-point-69 points, or four-point-18 percent, from the previous day and stood at 665-point-66 as of 9:26 a.m.
The buy-side “sidecar” was also activated on the secondary index at 9:10 a.m., after the KOSDAQ 150 Futures index jumped six-point-29 percent from the previous day to one-thousand-99-point-five, and the spot index rose five-point-87 percent to one-thousand-95-point-53.