SEOUL, May 11 (Xinhua) -- The Korea Exchange (KRX) on Monday activated a temporary trading curb on South Korea's main stock market after a sharp rally led by major semiconductor shares.
According to the KRX, buy-side program trading in benchmark Korea Composite Stock Price Index (KOSPI) 200 futures was halted for five minutes at around 9:29 a.m. local time.
KOSPI opened at 7,775.31, up 277.31 points, or 3.7 percent from the previous session, and later extended gains to surpass the 7,800-point mark.
Under KRX rules, a buy-side sidecar mechanism is triggered when the KOSPI 200 Futures index rises by 5 percent or more for at least one minute. ■
