Korea Exchange Halts Kospi, Kosdaq Trading for Five Minutes After Strong Purchasing Spree

MT Newswires Live

Jun 09

The Korea Exchange activated a five-minute buy-side sidecar on the country's primary and secondary stock market on Tuesday morning after investors rushed to purchase stocks amid a rebound in technology stocks and U.S. President Donald Trump's announcement on Truth Social of a ceasefire between Israel and Iran.

The Korea Exchange announced the order at 9:12 am after the KOSPI200 Futures added 60.80 points, or 5.2%, to trade at 1,239.05.

The five-minute buy-side sidecar on Kosdaq was activated at 9:28 am after the KOSDAQ150 Futures also rose by 104.10 points, or 6.62%, to trade at 1,676.30.

A buy-side sidecar is activated when the KOSPI200 Futures index or the KOSDAQ150 futures rise 5% or more for at least one minute.

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