Updated
Updated · Yonhap News Agency · May 11
KRX Halts KOSPI Futures for 5 Minutes as Chip Rally Drives 43.7% Export Surge
Updated
Updated · Yonhap News Agency · May 11

KRX Halts KOSPI Futures for 5 Minutes as Chip Rally Drives 43.7% Export Surge

5 articles · Updated · Yonhap News Agency · May 11
  • At 9:29 a.m., the Korea Exchange triggered a buy-side sidecar, suspending KOSPI futures buy orders for five minutes after a sharp market rise.
  • Big-cap semiconductor stocks extended their bull run, prompting the temporary curb designed to cool fast-moving futures trading.
  • The rally coincided with fresh trade data showing South Korea's exports jumped 43.7% year on year in the first 10 days of May to $18.4 billion.
  • Semiconductors were the main driver of that export gain, reinforcing the chip-led momentum now spilling from the real economy into equity markets.
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