Buy Sidecar Triggered as Kospi Surges at Open on July 22
Korea Economic Daily
Summary
- The Kospi surged at the start of trading, triggering a buy sidecar.
- The measure was activated after Kospi 200 futures stayed more than 5% higher than the previous day for more than one minute.
- At the time the buy sidecar was triggered, Kospi 200 futures stood at 1,139.30 (up 5.4% from the reference price).
Forecast Trend Report by Period
A buy sidecar, which suspends program buy orders for five minutes, was triggered after the Kospi surged at the start of trading on July 22.
The Korea Exchange activated the buy sidecar on the Kospi market at about 9:06 a.m. on July 22 after Kospi 200 futures remained more than 5% above the previous day's close for more than one minute.
At the time of the trigger, Kospi 200 futures stood at 1,139.30, up 5.4% from the reference price of 1,080.84.
Han Kyung-woo, Hankyung.com reporter, case@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.