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Finance

KOSPI sidecar triggered 10 times this year, most since global financial crisis

The KOSPI sidecar mechanism has been triggered 10 times in less than two months since last month, the Korea Exchange said. There were four buy-side and six sell-side activations between Feb. 2 and March 23. The KOSDAQ market saw six triggers this year. The exchange said the highest annual total since 2002 was 26 in 2008, with this year the next highest so far.

Finance

KOSPI, Kosdaq surge triggers buy-side sidecar in both markets

South Korea’s stock markets surged on March 5, triggering buy-side sidecar curbs in both the KOSPI and Kosdaq markets. The Korea Exchange temporarily halted the effectiveness of program buy orders for 5 minutes from 9:06:02 a.m. as the KOSPI200 futures index jumped 10.84 percent. At the same time, Kosdaq150 futures and the Kosdaq150 index rose more than 10 percent. A day earlier, sell-side sidecars were triggered in both markets after sharp falls.