KRX issues buy-side sidecar for KOSPI on sharp rise

Go to Contents Go to Navigation Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK SEOUL, June 15 (Yonhap) -- South Korea's bourse operator Monday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the index spiked sharply, boosted by a peace deal agreement reached between the United States and Iran. Program trading for the KOSPI-listed shares was suspended for five minutes shortly after the market opened, according to the Korea Exchange (KRX).

The KOSPI rose 327.7 points, or 4.03 percent, to 8,451.

32 as of 9:07 a.m. The KOSPI sharply gained ground as investors scooped up blue chip tech shares after U.

S. President Donald Trump said the U.S.

and Iran have reached a deal to end their monthslong war in the Middle East and reopen the Hormuz Strait. A formal signing ceremony is expected to take place Friday. A buy-side sidecar is triggered when the KOSPI 200 Futures index increases 5 percent or more for at least one minute.

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Thanks for your feedback! CLOSE SEOUL, June 15 (Yonhap) -- South Korea's bourse operator Monday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the index spiked sharply, boosted by a peace deal agreement reached between the United States and Iran. Program trading for the KOSPI-listed shares was suspended for five minutes shortly after the market opened, according to the Korea Exchange (KRX).

The KOSPI rose 327.7 points, or 4.03 percent, to 8,451.

32 as of 9:07 a.m. The KOSPI sharply gained ground as investors scooped up blue chip tech shares after U.

S. President Donald Trump said the U.S.

and Iran have reached a deal to end their monthslong war in the Middle East and reopen the Hormuz Strait. A formal signing ceremony is expected to take place Friday. A buy-side sidecar is triggered when the KOSPI 200 Futures index increases 5 percent or more for at least one minute.

fairydust@yna.co.kr(END) Keywords #sidecar Articles with issue keywords Most Liked Jung Kyung-ho, Choi Soo-young part ways after 14 years of dating (News Focus) N.

Korea, China reaffirm ties, silent on nuclear issues Ex-election watchdog chief banned from leaving country amid ballot shortage probe BTS' 'Arirang' lands on Billboard 200 for 11th straight week Ulsan Ulju Mountain Film Festival to highlight Slovenian cinema Most Saved (News Focus) N. Korea, China reaffirm ties, silent on nuclear issues Jung Kyung-ho, Choi Soo-young part ways after 14 years of dating (2nd LD) (News Focus) Summit shows China more focused on countering U.S.

influence than curbing N.K. nukes: experts Nat'l Assembly begins procedure for potential probe on election ballot shortage (2nd LD) N.

Korea, China vow new era of ties in Kim-Xi summit: KCNA Most Viewed All Categories N. Korea calls denuclearization an 'irreversibly finalized' matter De