KOSPI Rises Over 1%... Surpasses 1950 for the First Time Since the COVID-19 Pandemic
Intraday High of 1956.81 Recorded... KOSDAQ Also Slightly Rises to 647.58
[Asia Economy Reporter Minwoo Lee] The KOSPI index rose more than 1% compared to the previous day, surpassing the 1950 mark. It has recovered to the level before the novel coronavirus infection (COVID-19) was declared a pandemic.
According to the Korea Exchange on the 29th, as of 10:40 a.m., the KOSPI index was at 1956.81, up 1.17% (22.72 points) from the previous day. After opening at 1936.89, up 0.14% from the previous day, it has steadily risen throughout the morning.
This is the first time since the 11th of last month that the KOSPI index has surpassed the 1950 mark. At that time, the World Health Organization (WHO) declared COVID-19 a pandemic, and from the following day, the 12th, stock prices began to fall sharply, causing the KOSPI index to break below the 1900 level.
Hot Picks Today
Dramatic Agreement Reached on Eve of Samsung Electronics General Strike... Minister Kim Young-hoon: "Showcased Korea's Strength in Dialogue" (Update)
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
In contrast, the KOSDAQ index showed a smaller increase. At the same time, it was recorded at 647.58, up 0.41% (2.65 points) from the previous day.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
