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[Breaking] Kumho Industrial Surges 30% to Hit Upper Limit... Sidecar Triggered Twice During Session

As of 9:44 a.m. on the 26th, shares of Kumho Industrial (002990) soared to the price limit, hitting the upper limit. As of 9:44 a.m. on the same day, Kumho Indu

CBC News Desk
Staff Reporter
2 min read
[Breaking] Kumho Industrial Surges 30% to Hit Upper Limit... Sidecar Triggered Twice During Session
CBC News

As of 9:44 a.m. on the 26th, shares of Kumho Industrial (002990) soared to the price limit, hitting the upper limit.

As of 9:44 a.m. on the same day, Kumho Industrial was trading at 6,630 won, up 1,530 won (30.00%) from the previous trading day, drawing intense interest from investors.

With volatility expanding significantly from the early part of the session, the volatility control mechanism (Sidecar) was triggered twice in succession.

  • First Sidecar trigger: Triggered at 9:00:21 a.m. ~ Released at 9:02:49 a.m.
  • Second Sidecar trigger: Triggered at 9:14:25 a.m. ~ Released at 9:16:37 a.m.

Even after the Sidecar was released, strong buying pressure continued, further widening the stock's gains and eventually settling at the upper limit. With the weekend approaching, market attention is focused on what kind of price trajectory Kumho Industrial will show going forward.

[※ Investment decisions are the responsibility of the individual, and stock prices and market conditions may fluctuate during the session.]

CBC News Desk
Staff Reporter

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