[Edaily Reporter KIM YOON-JEONG ] The KOSPI surged sharply during trading on the 21st, triggering a “buy-side sidecar” (temporary suspension of program buy orders) on the stock market. SamsungElectronics and SK hynix are both rising by more than 6%, leading the index higher.

According to the Korea Exchange on the 21st, at approximately 10:51:56 a.m. that day, the execution of program buy orders was suspended for five minutes on the stock market due to a sharp surge in KOSPI 200 futures prices.
At the time of activation, the KOSPI 200 futures index stood at 904.84, up 44.94 points (5.22%) from the previous trading day’s closing price. The KOSPI buy-side sidecar is triggered when the KOSPI 200 futures price remains more than 5% above the benchmark price for one minute.
According to MP Doctor, as of 11:25 a.m. today, the KOSPI stood at 5,779.64, up 226.90 points (4.09%) from the previous trading day.
At the same time, major semiconductor stocks were also on the rise. Samsung Electronics ( SamsungElectronics(005930)), the company with the largest market capitalization on the KOSPI, was trading at 225,750 won, up 14,250 won (6.74%) from the previous trading day. SK Hynix ( SK hynix(000660)), the second-largest by market capitalization, was trading at 1,308,000 won, up 85,000 won (6.95%).