Summary
- The KOSDAQ index surged, triggering a buy-sidecar for a second straight day.
- At 9:11 a.m., KOSDAQ 150 futures were up 6.36%, and the KOSDAQ 150 index had risen 3.47%.
- A KOSDAQ sidecar is triggered when KOSDAQ 150 futures rise 6% or more and the KOSDAQ 150 index rises 3% or more, with both moves sustained for one minute.
Forecast Trend Report by Period
The KOSDAQ index surged, triggering a buy-sidecar (temporary suspension of the effectiveness of program sell quotes) for a second consecutive day.
The Korea Exchange said in a filing that a buy-sidecar was triggered in the KOSDAQ market at 9:11 a.m. At the time of activation, KOSDAQ 150 futures were up 6.36% and the KOSDAQ 150 index had risen 3.47%.
A KOSDAQ sidecar is triggered when KOSDAQ 150 futures rise 6% or more from the reference price and the KOSDAQ 150 index rises 3% or more from the previous trading day’s close, with both conditions sustained for one minute simultaneously.
A buy-sidecar was also triggered in the KOSDAQ market on the 5th, the previous day.
Jin Young-gi, Hankyung.com reporter young71@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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