On the 26th, as the KOSDAQ index surged, a "buy sidecar" was triggered, suspending the effectiveness of program buy orders for five minutes. The KOSDAQ index has topped 1,000 points for the first time in four years and is soaring.

According to the Korea Exchange (KRX), the buy sidecar was triggered after KOSDAQ150 futures (near-month) rose more than 6% and the KOSDAQ150 index climbed more than 3% for one minute. At the time, the net program buying reached 300 billion won. The sidecar was automatically lifted five minutes after activation.

It is the first time in nine months that a buy sidecar has been triggered on the KOSDAQ market, since April last year when the U.S. administration of Donald Trump deferred reciprocal tariff measures and Korea's stock market rebounded sharply.

On the 26th, as the KOSDAQ index breaks above 1,000 for the first time in four years, intraday gains widen and the index rises more than 5%. A buy-sidecar is also triggered as the index surges. /Courtesy of News1

Still, the KOSDAQ index's surge continues. After opening up 1%, the KOSDAQ index extended gains early in the session and, as of 10:30 a.m., is soaring more than 5%, nearing 1,050 points.

All sectors with heavy weightings on the KOSDAQ market—including secondary batteries, Robotics, and biotech—are surging. Alteogen, which had plunged recently, has rebounded more than 4%, while EcoPro and Rainbow Robotics are also up around 20%.

Foreign investors and institutions are showing strong net buying on the KOSDAQ market. Foreign investors are net buying 250 billion won, and institutions are nearing 900 billion won. In particular, large amounts of passive funds are flowing in through exchange-traded funds (ETF).

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