KRX issues buy-side sidecar for KOSPI on steep rise
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The Korea Exchange (KRX) on Wednesday activated a trading halt on the main bourse due to a sharp rally led by tech firms. A buy-side order in the Korea Composite Stock Price Index (KOSPI) futures was suspended for five minutes at around 9:06 a.m., according to the KRX. The benchmark KOSPI opened at 8,242.12, up 194.61 points, or 2.42 percent, and further extended gains. A buy-side sidecar is triggered when the KOSPI 200 Futures index increases 5 percent or more for at least one minute.
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