According to Yonhap, South Korea's Korea Exchange (KRX) activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) on Friday after the index surged on tech gains. Program trading for KOSPI-listed shares was halted for five minutes at 9:06 a.m. soon after the market opened, and the KOSPI was up 11.05 percent as of 9:07 a.m. A buy-side sidecar is triggered when the KOSPI 200 Futures index rises 5 percent or more for at least one minute.
KRX Activates Buy-Side Sidecar As KOSPI Jumps On Tech Gains
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According to Yonhap, South Korea's Korea Exchange (KRX) activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) on Friday after the index surged on tech gains. Program trading for KOSPI-listed shares was halted for five minutes at 9:06 a.m. soon after the market ope…