In early trading on the 15th, the KOSPI jumped 5%, triggering a buy-side sidecar on the main board. It is the second straight transaction day following the previous session.

As the United States and Iran announce an agreement on a memorandum of understanding to end the war, a buy-sidecar is triggered on the KOSPI on the 15th, and the opening market board is displayed on the dealing room ticker at the headquarters of Hana Bank in Jung-gu, Seoul. At 9:05 a.m., the KOSPI rises 389.67 points (4.80%) to 8513.29 from the previous closing price, and the KOSDAQ is up 15.14 points (1.47%) to 1044.19 from the previous day. In the Seoul foreign exchange market, the dollar-won exchange rate closes the week at 3:30 p.m. the previous day at 1,511.4 won, down 8.4 won. /Courtesy of News1

The Korea Exchange (KRX) said it triggered a buy-side sidecar at 9:06 a.m. that temporarily suspends the effectiveness of program trade buy orders on the main board.

Reports that the United States and Iran agreed to a cease-fire sent the index sharply higher. As of 9:34 a.m., it was trading up 5% around the 8,590 level.

A buy-side sidecar is a system that suspends the effectiveness of program buy orders for five minutes if the front-month KOSPI 200 futures price remains up 5% or more from the previous transaction day's close for at least one minute.

Meanwhile, on the main board so far this year, there have been 26 sidecar triggers through the day, including 14 buy-side and 12 sell-side.

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