KOSDAQ Buy-Side Circuit Breaker Hits 17th Time This Year Amid 354B Won Institutional Inflows

KOSDAQ triggers buy-side halt for third consecutive day, marking 17th occurrence this year. Institutions net bought 354 billion KRW while biotech stocks surged.

Woofun AI reports that the Korean Exchange activated the buy-side circuit breaker on the KOSDAQ market at 10:47:51 a.m., halting program trading. This marks the third consecutive trading day of such halts, following instances on July 31 and the previous day, bringing the total to 17 occurrences this year, with 12 happening in the last month.

Institutional investors drove the rally with a net purchase of 354 billion Korean won, contrasting with net sales of 167 billion won by individual investors and 183 billion won by foreign investors. The biotechnology sector led gains, with LigaChem Biosciences rising 12.89%, ABL Bio up 12.25%, HLB gaining 9.55%, Peptron increasing 9.39%, Alteogen surging over 7%, and Sam Chun Dang Pharm rising 6.00%.