After a sharp rebound last month, the upward momentum of Korea's KOSPI Index has weakened, and the Korea GEM Index is igniting market recovery. For the first time in the history of the KOSDAQ Index, three consecutive trading days triggered buyers to suspend the programmatic trading mechanism. Driven by institutional capital, it closed up more than 5%. The KOSPI index, which had previously declined during the intraday period, eventually closed up more than 1% due to weakening institutional selling pressure at the end of the session. On that day, the KOSDAQ market capital was mainly driven by institutional investors. Individual investors and foreign investors made net sales of 258 billion won and 277 billion won respectively, while net purchases of 543 billion won from institutional investors contributed to the rise in the index. Institutional investors have maintained net purchases for three consecutive trading days, with a cumulative net purchase volume of over 1 trillion won during this period. Since this year, the KOSDAQ market has twice experienced three consecutive trading days triggering the sidecar mechanism, from March 4 to 6 and July 14 to 16, respectively. This is the first time that three consecutive trading days have all triggered the purchase of sidecars.

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