Expectations are growing for a re-rating of South Korea\'s Kosdaq market as foreign investors who recently left the KOSPI pour into the secondary board amid government moves to tighten delisting rules. On March 10, the country\'s first Kosdaq active ETFs drew more than 1 trillion won in combined turnover on their debut. Active ETFs allow managers to pick stocks rather than track an index mechanically, and broader regulatory easing could further expand the market.

South Korean markets saw a series of trading curbs on March 9 as sell-sidecar measures and a circuit breaker were triggered, temporarily halting trading. A sell-sidecar in the main board market was activated after KOSPI 200 futures slid 6.49 percent, and a similar curb was later triggered in the KOSDAQ market. A first-stage circuit breaker followed as the KOSPI fell 8.10 percent.