KOSPI 200 overnight futures hit daily limit after jumping 7.96%

KOSPI 200 overnight futures hit the daily price limit on July 30, according to market data cited by BlockBeats from Bitget. The contract rose in a near-vertical move from around 870 points to an intraday high of 936.70. That marked a gain of 7.96% and brought the contract to its session ceiling. BlockBeats described the move as a sign that South Korean equities are set for a sharp rise in the next trading session. No additional market context or catalyst was provided in the source item. The report focused on the size of the move, the high print, and the fact that the contract reached the day’s upper price limit.