(URGENT) Bourse operator issues buy-side sidecar on KOSPI's sharp rise
World1 source1 country🔦 Under-reported52m ago
South Korea's bourse operator activated a buy-side sidecar on Wednesday following a sharp rise in the KOSPI index. The emergency market measure was triggered in Seoul to temporarily curb program trading and stabilize market volatility amid the sudden upward movement.
Sidecars are regulatory mechanisms designed to suspend program trading orders for a brief period when underlying index futures experience rapid fluctuations. The action highlights the exchange's response to intense market momentum on Wednesday.
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Yonhap English (Seoul, South Korea) (KR)Urgent bulletin format emphasizing immediate regulatory action on KOSPI
Newz