KOSPI triggers 'buy-sidecar' for first time in two months, recovers to 5,700 [Financial News afternoon market]

[Financial News] KOSPI is extending its gains, rebounding from the previous day's decline.
As of 2 p.m. on the 21st, KOSPI was trading at 5,708.76, up 156.02 points (2.81%) from the previous trading day.
Foreign investors and institutions are both buying, driving the index higher. Foreign investors are net buyers of 466.1 billion won, and institutions are net buyers of 15.9 billion won. Retail investors are net sellers of 1.0182 trillion won.
Samsung Electronics (+5.20%) and SK hynix (+4.58%), the top two companies by market capitalization, are surging. SK Square (+3.37%), Samsung Electro-Mechanics (+0.78%), Samsung Biologics (+2.95%), Samsung Life Insurance (+2.95%), and Samsung C&T (+4.73%) are also strong. By contrast, LG Energy Solution (-0.24%), Celltrion (-0.05%), and Samsung SDI (-0.09%) are edging lower.
By sector, medical and precision instruments, electrical and electronics, manufacturing, electricity and gas, distribution, general services, construction, and pharmaceuticals are rising, while metals, telecommunications, textiles and apparel, entertainment and culture, and paper and wood are falling.
A program buy-sidecar was triggered on the main securities market that morning. It was the first KOSPI buy-sidecar in about two months, since August 20.
A KOSPI buy-sidecar is triggered when the KOSPI 200 futures price rises at least 5% above its base price and stays there for one minute.
Meanwhile, at the same time, KOSDAQ was trading at 792.05, up 10.08 points (1.29%) from the previous session.

[email protected] Seo Min-ji Reporter