Kosdaq surpasses 1,000-mark during trading Tuesday
Korea's tech-heavy Kosdaq index punched through the 1,000-mark during trading on Tuesday.
It is the first time the index traded at over 1,000 since the dot-com bubble in 2000 when IT stocks boomed.
The index started off strong at 1,000 after closing at 999.30 on Monday.
After hovering over the 1,000-level, the index inched down to the 990-level from around 11 a.m.
As of 11:36 a.m. the index is being traded at 995.34, down 0.4 percent from the previous trading day.
Retail investors are lifting the index with 276.9 billion won ($251.4 million) in net purchase of stocks in the market. Foreign investors are net selling 163.5 billion won worth shares and institutional investors are offloading 90.6 billion won worth shares.
BY KIM JEE-HEE [email@example.com]
with the Korea JoongAng Daily
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