KOSPI Recovers 5,200, KOSDAQ Surpasses 1,000... Buy-Side Circuit Breaker Triggered Amid Sharp Rally

Recovery After Two Days of Steep Declines
All Sectors Post Gains

Both the KOSPI and KOSDAQ rebounded immediately after the market opened on March 5, with the KOSPI regaining the 5,200 level and the KOSDAQ climbing back above 1,000. The sharp surge triggered a sell-side circuit breaker (temporary suspension of program sell orders) right after the opening, recovering from the steep declines seen over the previous two days.

In the early morning of the 5th, the KOSPI surged sharply, triggering a buy-side circuit breaker. A dealer is working in the dealing room of Hana Bank headquarters in Jung-gu, Seoul. Photo by Yonhap News

On March 5, the KOSPI opened at 5,250.92, up 157.38 points (3.09%) from the previous trading day. In early trading, individual investors and foreigners posted net purchases of 232.8 billion won and 489.8 billion won, respectively. Institutional investors recorded net sales of 663.7 billion won.

All sectors are showing gains. Increases are seen in medical & precision instruments (9.67%), transportation equipment & parts (9.48%), electricity & gas (8.87%), financials (8.67%), transportation equipment & parts (8.51%), securities (4.26%), machinery & equipment (3.31%), and electrical & electronics (2.82%).

The top 10 stocks by market capitalization all rose. Samsung Electronics gained 12.49%, SK hynix 13.90%, Hyundai Motor 13.57%, LG Energy Solution 8.78%, and SK Square 12.43%, among others, posted strong performances.

The KOSDAQ index started trading at 1,023.84, up 45.40 points (4.64%). Foreign investors were net buyers of 175 billion won, while individuals and institutions recorded net sales of 54.6 billion won and 121.2 billion won, respectively.

By sector, general services (9.72%), pharmaceuticals (9.64%), metals (9.43%), medical & precision instruments (9.28%), IT services (8.42%), and distribution (7.58%) are showing strength.

Among leading stocks by market capitalization, Ecopro surged 17.41%, Alteogen rose 9.79%, Ecopro BM climbed 15.58%, Samchundang Pharm gained 13.80%, and Rainbow Robotics advanced 15.63%.

According to the Korea Exchange, at 9:06:02 a.m. on this day, the buy-side program orders for the KOSPI 200 futures were suspended for five minutes due to volatility in the KOSPI 200 futures index. At the time of the trigger, the KOSPI 200 futures index was at 844.00, up 82.60 points (10.84%) compared to the previous day's closing price. This is the first time a KOSPI buy-side circuit breaker has been triggered in a month since March 3.

Due to volatility in the KOSDAQ 150 futures prices and the KOSDAQ 150 index, the buy-side program orders were also suspended for five minutes. At the time of the trigger, KOSDAQ 150 futures had risen 178.40 points (10.40%) from the previous day's close, and the KOSDAQ 150 index was up 187.18 points (10.92%). The last time a KOSDAQ circuit breaker was triggered was about a month ago, on the 19th of last month.

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