The KOSDAQ market experienced a second consecutive day of trading halts due to a temporary suspension of buy orders, known as a sidecar.
According to the Korea Exchange, the buy sidecar was triggered at 9:33:06 AM on May 22.
At the time of the halt, the KOSDAQ 150 futures price had risen by 114.20 points (6.12%) to 1979.20, while the KOSDAQ 150 index was up 103.72 points (5.53%) at 1979.24.
The buy sidecar is activated when the KOSPI 150 futures price increases by 6% or the KOSDAQ 150 index rises by more than 3% and sustains that level for one minute.
During a buy sidecar activation, all program buy orders are suspended for five minutes.
The recent surge in the KOSDAQ is attributed to the launch of a public participation growth fund, which is expected to enhance capital inflow into the KOSDAQ.
As of 9:57 AM, the KOSDAQ index was trading at 1162.55, up 56.58 points (5.12%) from the previous day.
The index opened at 1119.43, up 13.46 points (1.22%), and continued to rise due to strong buying from foreign investors.
Foreign and institutional investors were net buyers, purchasing 410.1 billion won and 181.4 billion won, respectively, while individual investors sold a net 563.5 billion won.
Among the top market capitalization stocks, EcoProBM (up 11.03%), Alteogen (up 8.96%), and EcoPro (up 14.64%) showed strong performance.
* This article has been translated by AI.
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