Buy-side trading curb activated on Kospi after surge

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A screen in Hana Bank's trading room in central Seoul shows the Kospi after a temporary trading curb, known locally as a sidecar, was activated on the buy-side for theh Kopsi on March 18. [NEWS1]
A screen in Hana Bank's trading room in central Seoul shows the Kospi after a temporary trading curb, known locally as a sidecar, was activated on the buy-side for theh Kopsi on March 18.

Futures program trading was temporarily halted on the buy side on the Kospi after a sharp surge in the index during trading on Wednesday afternoon.

The temporary trading curb, known locally as a sidecar, was activated by the Korea Exchange at around 2:39 p.m. Wednesday.

This is already the ninth sidecar activated this year.

Trading kicked off nearly 3 percent higher from the previous session on Wednesday morning, driven by sharp gains in blue chip tech shares, despite continuing uncertainties in the Middle East.

BY LIM JEONG-WON [[email protected]]