KOSPI 7,475surges on buy-side sidecar activation
7Month 10day, the KOSPI closed at 7,475.94 at 184.03 points (2.52%) after buy-side sidecar activation during trading. The KOSDAQ also triggered a sidecar, and Samsung Electronics surged intraday by 7%. 7Month 11day, a report suggested that if the KOSPI rebounds, it could rise to 1 hundred thousand1,000.
7Month 10day, the KOSPI closed at 7,475.94 at 184.03 points after buy-side sidecar activation. A buy-side sidecar is a mechanism that curbs short-term sharp gains.
Intraday, the KOSPI rose as much as 5%, and the KOSDAQ surged as much as 6%, triggering trading curbs on both indexes. The sidecar was applied to both the KOSPI and the KOSDAQ simultaneously.
Samsung Electronics surged intraday by 7%, and semiconductor-related stocks were broadly strong. Trading in large-cap stocks led the index higher.
Toward the end of trading, buying pressure weakened somewhat, and the gains narrowed. In the end, the index closed up by 2%.
7On 11day, a report said that if the KOSPI rebounded, it could reach 1ten-thousand won, and it was also noted that the report had previously correctly predicted a decline in the KOSPI.1,000.
The Korea Exchange announced that it had triggered a sidecar due to a surge in buy orders. The disclosure on the sidecar trigger was posted on the exchange.
The disclosure related to this volatility occurred intraday on 7month 10day, and the related outlook was presented on 7month 11day.