KRX issues buy-side sidecar for KOSPI on sharp rise

The Korea Exchange (KRX) on Wednesday activated a trading halt on the main bourse as shares rallied on hopes for signs of progress toward a U.S.-Iran peace deal. A buy-side sidecar order in Korea Composite Stock Price Index (KOSPI) futures was suspended for five minutes at 9:06 a.m., according to the KRX. The benchmark KOSPI opened at a fresh high of 7,093.01, up 156.02 points, or 2.25 percent. It marks the first buy-side sidecar since April 8. 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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