As the domestic stock market soared in the morning today (16th), a sidecar was launched in the KOSPI and KOSDAQ markets.
10:52 am The sidecar was purchased.
This is because the price of KOSPI 200 index futures rose 13.4 points, 5.05% from the previous day's closing price of 265 points, and lasted for more than 1 minute.
At 11:02 am, a sidecar was purchased.
The KOSDAQ 150 futures lasted for 1 minute after gaining 6.21% from the previous day's closing price of 1076.5 points to 1143.5 points.
The sidecar is a measure to suspend the effect of buying or selling programs for 5 minutes.
In the KOSPI market, if the KOSPI 200 futures fluctuate by more than 5% and last for 1 minute, in the KOSDAQ market, the KOSDAQ 150 futures fluctuate by more than 6%, and if the KOSDAQ 150 value fluctuates by more than 3% for 1 minute, it will be triggered.
This sidecar was launched this year, the 7th in the KOSPI market and the 6th in the KOSDAQ market.
(Photo = Yonhap News)
Stock market soared… Activation of KOSPI and KOSDAQ sidecars
2020-06-16T04:14:12.388Z
As the domestic stock market soared this morning, a sidecar was launched in the KOSPI and KOSDAQ markets. 10:52 am The sidecar was purchased. This is because the price of KOSPI 200 index futures rose 13.4 points, 5.05% from the previous day's closing price of 265 points, and lasted for more than 1 minute.
Source: sbskr