Korea Exchange triggers buy-side sidecar as KOSPI surges sharply
The Korea Exchange activated a buy-side sidecar for the KOSPI after the index jumped sharply, prompting a brief five-minute pause in program trading.
On Wednesday, the Korea Exchange (KRX) turned on a buy-side sidecar for the benchmark KOSPI following a rapid rise in the index. Program trading of KOSPI-listed stocks was halted for five minutes at 10:51 a.m. The index opened up more than 2 percent and climbed over 4 percent within minutes, reaching 5,800.55 by 11:02 a.m. The rebound came after a near-4-percent drop the previous day, as investors weighed AI-related investment concerns.
Why it matters
The activation shows how the exchange manages sudden market swings, affecting investors and market stability.
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KOSPIbuy-side sidecarprogram tradingmarket surgeAI investment concerns
