As Iran said it is willing to halt the war if there are no attacks from the United States and Israel, raising hopes for an end to the conflict, a temporary suspension of program buy orders (buy sidecar) was triggered on KOSDAQ following KOSPI.
Korea Exchange (KRX) said at 2:08 p.m. on the 1st that it would trigger a five-minute buy sidecar due to movements in KOSDAQ150 futures prices and the KOSDAQ150 index.
The KOSDAQ buy sidecar is a mechanism designed to enhance market stability by halting program buy orders for five minutes. It applies when KOSDAQ150 futures prices and the KOSDAQ150 index rise for more than one minute by at least 6% and 3%, respectively, from the previous day's close.
This is the seventh time this year that a sidecar has been triggered on the KOSDAQ market, including both buy and sell. At the time it was triggered, the scale of program trading transactions was tallied at 390.2 billion won.
Earlier at 9:07 a.m., a buy sidecar was also triggered on the main board as KOSPI200 futures prices stayed more than 5% above the reference price for over one minute. As of 2:30 p.m., the KOSPI and KOSDAQ indexes are surging more than 8% and 6%, respectively.