A buy sidecar (temporary suspension of program buy orders) was triggered on the KOSPI market on the 28th as the KOSPI surged early in the session.
According to the Korea Exchange, at around 9:54:24 a.m. today, program buy orders on the KOSPI market were suspended for five minutes owing to movement in the KOSPI 200 futures index. At the time of the trigger, the KOSPI 200 futures index stood at 928.02, up 5.17% from the previous session's close. A buy sidecar is triggered when the KOSPI 200 futures price stays at least 5% above its reference price for one minute. This is the second consecutive session with a buy sidecar on the KOSPI market, following the previous day (the 27th).
On the domestic bourse today, large-cap semiconductor stocks are leading the gains. SK hynix reported third-quarter operating profit of 83 trillion won today, beating market expectations, and also unveiled a shareholder return plan of about 100 trillion won, including a cash dividend of more than 30 trillion won and share buybacks and cancellations of more than 60 trillion won this year. The results and shareholder return plan are seen as having lifted investor sentiment. Investor sentiment, which revived mainly in chip stocks on news the previous day of Anthropic's IPO (initial public offering) push, appears to be carrying on.