Kospi rally fuels market swings unseen since financial crisis
South Korea's stock market is swinging at a pace not seen since the global financial crisis, as a record-setting Kospi rally collides with rising leverage and forced selling.
Sidecars, which halt program trading for five minutes when futures move more than 5 percent for at least one minute, were triggered 20 times in the first five months of the year.
Of those, 11 were triggered on the buy side and nine on the sell side.
This year's tally already accounts for a quarter of the 80 sidecars since t
South Korea's Stock Market Boom
- Goldman Lifts Kospi Target to 12,000, Upgrades Taiwan to Buy Bloomberg —
- Chip, chip ... boom? South Korea tech makers join the trillion-dollar club but some fear a short-circuit looms The Guardian —
- Korea’s stock market has doubled in 2026, and Goldman still sees another 35% upside CNBC —
- China’s AI chip demand pushes South Korea into a rare surplus with top trade partner South China Morning Post —
- Nvidia CEO urges SK hynix to make more HBM chips UPI —