Korea Exchange triggers KOSPI buy-side sidecar as index jumps 4.78%

Key facts

• The Korea Exchange suspended program trading in KOSPI-listed shares for five minutes from 9:06 a.m. on November 10.
• The KOSPI opened 4.55% higher on November 10 and stood at 5,258.86 as of 9:10 a.m.
• A buy-side sidecar triggers when the KOSPI 200 Futures Index rises 5% or more for at least one minute.

The Korea Exchange activated a buy-side sidecar for the benchmark KOSPI on November 10, suspending program trading in KOSPI-listed shares for five minutes from 9:06 a.m., the bourse operator said, according to Yonhap.

After opening 4.55% higher, the KOSPI added 240.01 points, or 4.78%, to 5,258.86 as of 9:10 a.m. The report does not say whether the session finished.

A buy-side sidecar is triggered when the KOSPI 200 Futures Index rises 5% or more for at least one minute. Yonhap said the index rallied on strong technology gains following overnight gains on Wall Street driven by eased military tensions in the Middle East.