With the KOSPI and KOSDAQ indexes surging 3% and 4%, respectively, on the morning of the 9th, a buy-sidecar was triggered on both markets.

As KOSPI and KOSDAQ surge sharply in early trading and a buy-sidecar is triggered, the KOSDAQ index appears on the electronic board in the dealing room at Hana Bank in Jung-gu, Seoul, on the 9th morning./Courtesy of News1.

As of 9:43 a.m. that day, the KOSPI index was trading at 7,719.86, up 235.45 (3.15%) from the previous session.

As the index jumped, the Korea Exchange (KRX) at 9:12 a.m. triggered a buy-sidecar on the main board, under which buy program-trading quotes are suspended for five minutes. It is the 12th buy-sidecar this year.

A buy-sidecar is triggered when the price of the most heavily traded KOSPI 200-based futures contract from the previous session rises more than 5% and stays there for at least one minute.

At the same time, the KOSDAQ index was trading at 953.97, up 42.58 (4.67%) from the previous session. After the KOSDAQ index plunged 9% in the previous session and fell to the 900 level, it is rebounding sharply on bargain hunting today.

A buy-sidecar was also triggered on the KOSDAQ market at 9:28 a.m. It is the ninth buy-sidecar on the KOSDAQ market this year.

On the KOSDAQ, a buy-sidecar is triggered when KOSDAQ 150 futures rise more than 6% from the previous day and the KOSDAQ 150 index rises more than 3% for at least one minute.

※ This article has been translated by AI. Share your feedback here.