The Korea Exchange announced on the 1st at 11:30:32 a.m. that it triggered a buy-side sidecar in the securities market (KOSPI).

This measure was implemented as the price of futures (the most actively traded issue on the previous trading day) based on the KOSPI200 as the underlying asset continued to rise by more than 5% compared to the base price for over one minute. According to the disclosure, the current price of the futures is 1,417.90 points, up 67.90 points (5.02%) from the base price of 1,350.00 points.

Following the sidecar activation, the validity of program buy orders in the securities market will be suspended for the next five minutes. This is a market stabilization mechanism to respond to a sharp expansion in market volatility, implemented based on Article 16 of the Securities Market Business Regulations.