KOSPI Up 2.6% & KOSDAQ Up 5.6% Despite US Big Step Concerns... Foreign Investors Buy (Roundup)
5 Articles
5 Articles
(Seoul = Yonhap News) Reporter Kim Yu-hyang = On the 11th, the KOSPI rose by more than 2% even as the possibility of a 'big step' interest rate hike in the U.S. came to the fore.
Despite concerns over U.S. inflation and interest rates, the domestic stock market closed higher on the 11th. The KOSPI recorded gains in the 2% range. The KOSDAQ index rose by more than 5%, and a buy-side circuit breaker was triggered during the morning session. On this day, the KOSPI closed at 5,375.36, up 136.23 points (2.60%) from the previous day. Index
The domestic stock market surged for two consecutive days. This was thanks to a sharp rise in semiconductor stock prices following the announcement of "surprise earnings" by Coreweave, an AI-dedicated cloud provider that had stood at the peak of the AI bubble controversy. Although government bond yields skyrocketed due to the possibility of a "big step" by the U.S. Federal Reserve, preference for risk assets recovered significantly. The KOSDAQ i…
The COSPI and KOSDAQ indices continued to rise for two consecutive days due to the influx of low cost purchases and good news related to artificial intelligence (AI). According to the Korea Exchange on the 11th, the COSPI index ended trading at 5,375.36 on the same day, up 136.23 points (2.60%) from the previous trading day. The KOSDAQ index surged 37.49p (5.62%) to close at 705.10. The KOSDAQ index opened at 668.48, expanding its gains, and rec…
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