South Korea's KOSPI (share price index ) is up circa 4% (KOSDAQ is even stronger)
In brief:
- The 'sidecar' is a rule that lets the Korea Exchange (KRX, the operator of SK's bourse) halt futures trading of equities during periods of extreme market volatility.
- Triggered when the benchmark KOSPI futures contract moves more than 5% from the previous close.
- The KRX limits program trading for five minutes as a 'circuit breaker'
