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KOSPI rebounds a day after hitting six-month low, triggering buy-sidecar

KOSPI rebounds a day after hitting six-month low, triggering buy-sidecar

(Follow-up report) KOSPI 200 futures up 5.22%… Program trading buy orders suspended for five minutes

The KOSPI index and other market conditions are displayed on the electronic board in the dealing room of Hana Bank in Jung-gu, Seoul, Wednesday. / News1
The KOSPI index and other market conditions are displayed on the electronic board in the dealing room of Hana Bank in Jung-gu, Seoul, Wednesday. / News1

A buy-sidecar was triggered on the KOSPI on Wednesday, temporarily suspending program buy orders.

The Korea Exchange said program buy orders were suspended for five minutes from 10:51:56 a.m. Wednesday after KOSPI 200 futures prices triggered a buy-sidecar measure.

At the time the sidecar was triggered, the KOSPI 200 futures price stood at 904.84, up 44.94 points (5.22%) from the previous day's closing price of 859.90.

The KOSPI had fallen to its lowest level in six months on the previous day. It appears to have rebounded sharply as counter-trend buying flowed in on this day. Foreign investors and institutional investors both made net purchases. Samsung Electronics and SK Hynix are showing strength in the 7th% range at this time.

"This article was translated using AI and may differ slightly from the original."