Kosdaq surpasses 1,000-mark during trading Tuesday

Seoul's tech-heavy Kosdaq index passed over the 1,000-mark during trading on Tuesday. It is the first time in 20 years and four months the index passed over 1,000 since the global IT bubble in 2000. [YONHAP]

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 [kim.jeehee@joongang.co.kr]