As the KOSDAQ index jumped 6%, a buy-sidecar (temporary suspension of program buy orders) was triggered.

A market board in the dealing room at Hana Bank in Jung-gu, Seoul, displays the KOSPI index and other market indicators on the morning of the 10th. The KOSPI opens higher at 6,306.33, up 47.56p (0.76%) from the previous transaction day. /Courtesy of News1.

The Korea Exchange (KRX) triggered a buy-sidecar on the KOSDAQ market at 9:50 a.m. on the 10th. With the buy-sidecar activated, program trading buy orders were suspended for five minutes. At the time, the scale of program trading was a net buy of 132 billion won.

The KOSDAQ market buy-sidecar is a market stabilization mechanism that is triggered when KOSDAQ150 futures rise 6% or more and the KOSDAQ150 index rises 3% or more and this persists for at least one minute.

At the time, KOSDAQ150 futures were up 6.05% from the previous trading day at 1,458.6, and the KOSDAQ150 index was up 6.25% at 1,453.97, in transaction.

This is the 18th buy-sidecar in the KOSDAQ market this year. Including sell-sidecars (13 times), sidecars have been triggered 31 times.

Alteogen(196170) is surging 15% on news it holds more than 5% equity in BlackRock. EcoPro and EcoPro BM are jumping 7% despite maintaining the size of their rights offerings. Jusung Engineering and Wonik IPS, among leading semiconductor materials, components, and equipment names, are up 10%.

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