KOSDAQ "Hyung, Let's Go Together"... Approaching 950 Breakthrough
[Asia Economy Reporter Song Hwajeong] The KOSDAQ continues its strong performance day after day, approaching the breakthrough of the 950 mark.
As of 10:55 AM on the 18th, the KOSDAQ recorded 945.54, up 0.16% (1.5 points) compared to the previous day. Early in the session, it surged to 948.59, marking the highest level in 18 years. The previous high was 964.6, recorded intraday on March 25, 2002.
Based on the closing price, it set a 20-year high. The KOSDAQ closed at 944.30 the previous day, rewriting the highest closing price since September 15, 2000, when it was 992.50. It has risen approximately 261.53% over about 12 years since hitting an all-time low of 261.19 (closing price on October 27) during the 2008 global financial crisis.
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While the KOSPI maintained a record high streak from the end of last month to early this month, the KOSDAQ, which had briefly stalled, has recently taken advantage of the KOSPI's pause to continue a strong upward trend. As of this day, it has maintained a strong streak for 8 consecutive trading days. The KOSDAQ has risen 6.54% from the beginning of this month through the previous day.
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