KOSPI Surpasses 2270... Rises Over 1%
Reflecting Strong US Economic Indicators and Semiconductor Industry Boom
[Asia Economy Reporter Minwoo Lee] The KOSPI surged more than 1% compared to the previous day, breaking through the 2270 mark.
As of 11:25 a.m. on the 20th, the KOSPI was trading at 2,276.31, up 25.74 points (1.14%) from the previous trading day. It opened at 2,261.40 and rose more than 10 points within the morning session.
This is interpreted as a result of favorable U.S. economic indicators confirmed the previous night, along with a boom in the semiconductor industry. Sangyoung Seo, a researcher at Kiwoom Securities, explained, "The strength in the electrical and electronics sector, driven by optimistic forecasts from the U.S. economic indicators and Taiwan semiconductor company TSMC, had a positive impact."
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Samsung Electronics, ranked first in market capitalization, reached a new high by rising more than 2% from the previous day to 62,700 KRW. SK Hynix, ranked second in market capitalization, is also trading at 105,000 KRW, up 1.52% from the previous day.
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