Officials celebrate the Korea Composite Stock Price Index topping the 7,000-point mark at the dealing room of Hana Bank in Seoul, Wednesday. Yonhap
The Korea Exchange (KRX) on Wednesday activated a trading halt on the main bourse as shares rallied on hopes for signs of progress toward a U.S.-Iran peace deal.
A buy-side sidecar order in Korea Composite Stock Price Index (KOSPI) futures was suspended for five minutes at 9:06 a.m., according to the KRX.
The benchmark KOSPI opened at a fresh high of 7,093.01, up 156.02 points, or 2.25 percent.
It marks the first buy-side sidecar since April 8.
A buy-side sidecar is triggered when the KOSPI 200 Futures index increases 5 percent or more for at least one minute.
Source: Korea Times News
