Monday
January 20, 2020
Gangnam-gu, South Korea
Fine Dust :
Stocks closed a tad higher Thursday, extending gains to a ninth session on institutional and individual buying. The won rose against the dollar. The benchmark Kospi rose 5.18 points, or 0.21 percent, to close at 2,437.53.
Stocks extended their winning streak to an eighth session on Wednesday on the hopes for Covid-19 vaccines and optimism for a quick economic rebound from the impacts of the coronavirus pandemic.
Stocks hit their 2020 highs Tuesday on abundant liquidity and hopes for an economic recovery.
Stock traders smile with joy on Monday at a trading room in Hana Bank, in Jung District, central Seoul.
Korea's stock market extended its winning streak to a sixth straight session to close at an over two-year high Monday, as automakers and major tech stocks advanced on hopes for stimulus in the United States and upbeat data.
Korean stocks have room to rise further this week, helped by ample liquidity.
In the first half of the year, retail investors net purchased nearly 32 trillion won worth ($27 billion) of Kospi stocks and 39.6 trillion won of Kosdaq stocks, according to Korea Exchange.
Stocks rallied Thursday, extending a winning streak to a fourth consecutive session thanks to optimism in financial markets and better-than-expected quarterly earnings by leading companies.
The main bourse hit its highest mark since October 2018 thanks to growing expectations of economic recovery.
Stocks rallied Tuesday, nearly hitting a two-year high as signs of economic recovery improved investor sentiment. The won fell against the dollar.
Korea JoongAng Daily Sitemap
