Buy-side sidecar activated on Kosdaq

A sidecar halts program trading for five minutes when certain market indexes fluctuate beyond a designated threshold.

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A screen in a trading room at Hana Bank in central shows the Kosdaq at 741.93 during a trading session on Aug. 3.
A screen in a trading room at Hana Bank in central Seoul shows the Kosdaq at 741.93 on Aug. 3.

A buy-side sidecar was activated on the Kosdaq at 10:28 a.m. on Monday, the Korea Exchange said. 

A buy-side curb, known locally as a sidecar, is activated on the Kosdaq when Kosdaq 150 futures rise by 6 percent or more from the previous trading day’s close and the Kosdaq 150 Index rises at least 3 percent, with both conditions sustained for at least one minute.

A sidecar halts program trading for five minutes when certain market indexes fluctuate beyond a designated threshold.

The Kosdaq opened at 709.99 on Monday. The index stood at 753.03 as of 11:08 a.m. 


BY JUNG SI-NAE [[email protected]]

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This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.

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