A digital screen at Hana Bank's dealing room in central Seoul shows the Kospi hit a record high Thursday closing at 3,160.84, up 46.29 points, or 1.49 percent, from the previous trading day.
Stock hit an all-time high Thursday on strong foreign buying, buoyed by stimulus hopes related to the inauguration of U.S. President Joe Biden. The won rose against the dollar.
Korean stocks advanced for a second consecutive session Wednesday, as auto and tech stocks continued to rebound. The won rose against the dollar.
Stocks jumped more than 2 percent Tuesday on strong advances by auto-related shares, backed by expectations of improved earnings. The won rose against the dollar.
Investors, led by retail investors, have been piling into shares of the country's biggest companies, leading to a bull concentrated on the big caps and a bifurcation of the market.
Korean stocks tumbled more than 2 percent Monday amid strong profit-taking sell-offs and a plunge in Samsung affiliates. The won fell against the dollar.
Even teenagers are investing in stocks these days. “Now teenagers even think that ‘studying’ is not enough.”
President Moon Jae-in associated the Kospi hitting 3,000 with bright prospects for the Korean economy. After concerns arose over the gap between the heated stock market and our economic reality, a ruling Democratic Party (DP)...
Stocks dipped more than 2 percent Friday as investors booked profits from a recent rally. The won fell against the dollar.
Bank of Korea (BOK) Gov. Lee Ju-yeol warned the local stock market has been growing at a dangerously fast pace and expressed concerns about those borrowing to invest during an online press briefing held Friday.