KRX Halts Program Buying on KOSDAQ for 5 Minutes After KOSDAQ150 Surge

The Korea Exchange (KRX) said on July 10 that South Korea’s KOSDAQ market triggered a mechanism to suspend program buying after gains in KOSDAQ150 futures and the KOSDAQ150 index, according to Jiemian News. Program trading buy orders were halted on the KOSDAQ market for five minutes, the exchange said. KOSDAQ150 futures were at 1,487.40 points versus the prior close of 1,402.60, up 84.80 points or 6.04%, while the KOSDAQ150 index was at 1,476.37 versus 1,386.92, up 89.45 points or 6.44%.