KOSPI Rises 1.6% to Close in the 6,680s... KOSDAQ Rebounds for the First Time in Five Days
4 Articles
4 Articles
The KOSPI rose 1.6% on the 4th, climbing into the 6,680s, buoyed by strength in the New York stock market following the stabilization of U.S. Treasury yields. The index closed at 6,687.21, up 1.64% from the previous day. It started at 6,654.36, up 1.14% from the previous close, and at one point rose as much as 2.53%.
The domestic stock market closed higher on the 4th as the likelihood of the U.S. Federal Reserve (Fed) keeping interest rates unchanged increased. In particular, major investors—including foreigners, institutions, and other corporations, excluding individual investors—all engaged in net buying, leading the market rally. The KOSPI index closed at 6,687.21, up 107.73 points (1.64%) from the previous trading day. The index, which started higher, at…
The KOSPI rose more than 1.6% on the 4th, closing in the 6,680 range. On this day, the KOSPI finished at 6,687.21, up 107.73 points (1.64%) from the previous close. The index rose 74.88 points (1.14%) from the previous close to 6,654
[Digital Daily Reporter Kang Ki-hoon] The KOSPI rebounded by more than 1% as concerns over a September interest rate hike by the U.S. Federal Reserve (Fed) eased. Semiconductor stocks, including Samsung Electronics and SK Hynix, showed strength amidst net buying by both foreign and institutional investors. The KOSDAQ also jumped nearly 3%, driven by gains in semiconductor equipment and robotics stocks. According to the Korea Exchange on the 4th…
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