KRX issues buy-side sidecar for KOSPI on steep rise

SEOUL, May 27 (Yonhap) -- The Korea Exchange (KRX) on Wednesday activated a trading halt on the main bourse due to a sharp rally led by tech firms.

A buy-side order in the Korea Composite Stock Price Index (KOSPI) futures was suspended for five minutes at around 9:06 a.m., according to the KRX.

The benchmark KOSPI opened at 8,242.12, up 194.61 points, or 2.42 percent, and further extended gains.

A buy-side sidecar is triggered when the KOSPI 200 Futures index increases 5 percent or more for at least one minute.

brk@yna.co.kr
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