Sidecar Triggered for Buy Orders on KOSPI and KOSDAQ Amid Sharp Rally

On March 5, the domestic stock market staged a sharp rebound following a steep decline the previous day, triggering simultaneous temporary suspensions of program buy orders (sidecar) on both the KOSPI and KOSDAQ.

In the early morning of the 5th, as the KOSPI surged sharply and a buy-side car was triggered, a dealer is working in the dealing room of the Hana Bank headquarters in Jung-gu, Seoul. Photo by Yonhap News

According to the Korea Exchange, at 9:06:02 a.m. on March 5, the program buy orders were suspended for five minutes due to volatility in the KOSPI200 futures index. At the time of activation, the KOSPI200 futures index stood at 844.00, up 82.60 points (10.84%) from the previous session's close. This is the first time in a month since March 3 that a buy-side sidecar has been triggered on the KOSPI.

Similarly, program buy orders for the KOSDAQ were suspended for five minutes due to volatility in the KOSDAQ150 futures price and the KOSDAQ150 index. At the time of activation, the KOSDAQ150 futures had risen by 178.40 points (10.40%) from the previous session's close, while the KOSDAQ150 index was up 187.18 points (10.92%). It is the first time in about a month since February 19 that a sidecar has been triggered on the KOSDAQ.

This content was produced with the assistance of AI translation services.