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Korea Exchange Halts Kosdaq Trading for Five Minutes After Strong Buy

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The Korea Exchange activated a five-minute buy-side sidecar on the country's secondary stock market on Thursday morning amid strong purchases as investors were optimistic over a resolution in the ongoing U.S.-Iran conflict.

The Korea Exchange announced the order at 9:27 am after the KOSDAQ150 futures added 109.70 points, or 6.2%, to trade at 1,876.40, and the KOSDAQ150 added 102.95 points, or 5.8%, to trade at 1,876.41.

U.S. President Donald Trump said Wednesday that Washington is prepared to carry out further strikes on Tehran if Iran does not agree to a peace deal, though he indicated the U.S. may wait several days to "get the right answers."

Trump said the situation was "right on the borderline" and warned of the risk of rapid escalation.

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