Seoul Brakes on Buying Again as KOSPI Jumps Nearly 5%. Will It Stick This Time?

South Korea’s KOSPI rose 4.87% from Monday’s close to 5,263.13 by 9:43 a.m. Seoul time on Tuesday. The jump forced the Korea Exchange to pause program buying for five minutes. The curb, known as a buy-side sidecar, has fired several times since October 21. The US Consumer Price Index (CPI) report due Tuesday is the next test for this KOSPI rebound. Follow us on X to get the latest news as it happens Days After a Circuit Breaker, Seoul Hits the Buy Brake The KOSPI opened 4.55% above Monday’s close at 5,247.22, Chosun reported, citing Korea Exchange data. The sidecar kicked in around 9:06 a.m., and the KOSDAQ’s sidecar followed about four minutes later.

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