South Korea's KOSPI rose more than 5 percent in early trade on Tuesday, recovering the 5,300 level. A sidecar was triggered during the surge, widening market volatility.

As of 9:28 a.m., the KOSPI was up 256.63 points, or 5.08 percent, at 5,309.09. The index opened up 277.58 points, or 5.49 percent, at 5,330.04.

The Korea Exchange disclosed that a temporary halt on program buy orders in the main board market, known as a sidecar, took effect at 9:07:24 a.m.

By investor type, institutions were net buyers of 210.0 billion won, leading the index higher. Individuals and foreigners were net sellers of 125.6 billion won and 104.5 billion won, respectively.

Heavyweight stocks were mostly higher.

Samsung Electronics rose 6.88 percent to 178,700 won, while SK Hynix gained 6.51 percent to 859,500 won. Hyundai Motor rose 5.61 percent, LG Energy Solution added 1.01 percent, SK Square gained 5.47 percent, Hanwha Aerospace rose 3.40 percent, Doosan Enerbility gained 5.01 percent and Kia added 4.48 percent.

Samsung Biologics fell 0.20 percent to 1,501,000 won.

At the same time, the Kosdaq was up 44.31 points, or 4.21 percent, at 1,096.70.

In Seoul's foreign exchange market, the won was at 1,506.70 per dollar, down 3.80 won, or 0.25 percent, from the previous session.