Search results for KOSPI 200 futures index
Finance
KOSPI slumps around 6 percent; program selling curb triggered
A program trading curb known as a sidecar was triggered on South Korea\'s main bourse after the KOSPI fell sharply in early trade. The Korea Exchange said program sell orders were halted for 5 minutes after a drop in the KOSPI 200 futures index. The futures index fell 6.02 percent. The KOSPI was down 5.78 percent at 9:09 a.m. and later widened losses to the 6 percent range. The Kosdaq fell 2.46 percent.
Finance
South Korean stocks surge on U.S.-Iran truce hopes; KOSPI, Kosdaq sidecars triggered
South Korean shares surged early on Tuesday on expectations of easing Middle East tensions and a temporary truce involving the United States and Iran. The KOSPI rose more than 5 percent, while the Kosdaq gained more than 4 percent. Buying sidecar mechanisms were triggered in both markets, temporarily halting the effectiveness of program buy orders. Institutions and foreigners were net buyers, while individuals were net sellers.
Finance
KOSPI triggers buy sidecar as KOSPI 200 futures surge more than 5 percent
A buy-side sidecar was triggered on South Korea\'s main stock market on March 18 after KOSPI 200 futures surged more than 5 percent intraday. The Korea Exchange said the temporary suspension of program buy orders took effect at 2:34:13 p.m. The KOSPI 200 futures index stood at 887.25 at the time, up 5.08 percent from the previous close. The measure halts program buy orders for 5 minutes.
