Sluggish KOSPI... KOSPI's Annual Growth Rate Ranks 18th Among G20 Countries

Most G20 Countries Except China and Brazil Show Double-Digit Growth Rates

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] This year, the KOSPI's rate of increase ranked 18th among the Group of Twenty (G20) countries.

According to the Korea Exchange on the 26th, as of the 24th, the KOSPI closed at 3012.43, up 4.84% from 2873.47 at the end of last year. Among the G20 countries, only China (-5.56%) and Brazil (-11.87%) had lower increases than Korea this year.

Except for China and Brazil, most G20 countries showed double-digit growth rates. During this period, Argentina had the largest increase at 65.64%, followed by Saudi Arabia (30.87%), Turkey (28.07%), and France (27.65%).

The United States also showed an upward trend. The Dow Jones Industrial Average rose 17.46%, the tech-focused Nasdaq increased 21.45%, and the S&P 500 went up 25.82%. On the 23rd, the S&P 500 closed at a record high of 4725.79.

In the first half of this year, the domestic stock market was also on the rise. The KOSPI increased 14.73% in the first half, ranking 6th among G20 countries. On July 6th, the KOSPI reached an all-time high of 3305.21. However, it closed below the 2900 mark at 2839.01 on the 30th of last month, giving up most of the gains made in the first half.

Kim Byung-yeon, a researcher at NH Investment & Securities, explained, "The keyword for next year is normalization," adding, "The impact of reduced policy effects and the strength of confidence in economic improvement are important for investment decisions."

This content was produced with the assistance of AI translation services.