KOSDAQ triggers buy-sidecar after sharp rise, following KOSPI

South Korea’s KOSDAQ market triggered a buy-sidecar as share prices rose sharply on Nov.

10.

The KOSPI had triggered one earlier, and the two indexes opened about 4% higher.

The report also said the KOSPI was up 4% to 5% and major semiconductor shares had climbed 5% to 8%.

A buy-sidecar is a market measure associated with a sharp rise, but no further details about how it works were given.

The move affected both of South Korea’s main stock indexes during a broad market surge.

The information available gives no details about what happened after the measures were triggered.