KOSPI Nears 7,000 After 5-Day Winning Streak
5 Articles
5 Articles
KOSPI nears 7,000 after 5-day winning streak
KOSPI capped a weeklong rally Friday, briefly reclaiming the 7,000 level for the first time in three weeks as foreign investors piled into semiconductor stocks amid stronger sentiment toward the memory chip sector and easing U.S. inflation. The index nearly rose 25 percent from its July 30 low. The benchmark KOSPI closed at 6,977.94, up 2.42 percent from the previous session. The index opened 2.68 percent higher and reclaimed the 7,000 level for…
The KOSPI index recovered the 7,000 mark for the first time in 15 trading days, driven by stabilizing U.S. inflation data and expectations of improved semiconductor market conditions. However, profit-taking following the short-term surge and supply and demand volatility ahead of the holidays are expected to be key factors in the index's future stabilization.
On the 14th, the KOSPI is showing an upward trend for the fifth consecutive day. As of 9:03 AM on this day, the KOSPI stood at 6,997.46, up 184.12 points (2.70%). The index started at 6,995.67, up 182.33 points (2.68%), and in the early part of the trading session...
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[News Tomato Reporter Kim Ju-ha] The KOSPI started higher and broke through the 7,000 mark immediately after opening. It is interpreted that strong net buying by foreign investors is driving the index's rise.
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