Korean stocks have room to rise further this week, helped by ample liquidity.
The JoongAng Ilbo met with Kim Soo-hyun, whose research into the thoughts of full-time retail investors has taken the internet by storm.
Past performance, as they say, is no guarantee of future results, but Korean investors are not moved by that warning. With a flurry of successful initial public offerings (IPOs) and some big names on the horizon, the ants are piling in.
Stocks finished a tad higher Wednesday as investors bet that the escalating tensions between two Koreas would have a limited impact on the financial markets. The won fell against the dollar.
Seoul stocks spiked more than 5 percent on Tuesday, recovering most of the sharp drop in the previous session, as the U.S. Federal Reserve's plan to purchase corporate bonds. A sidecar was issued at one point to contain massive purchases.
A board at KB Kookmin Bank in Yeouido, western Seoul, showing the Kospi down nearly 5 percent on Monday as worries over the increase in coronavirus cases in major markets including the United States and China affected the market.
Stocks closed sharply lower Friday as investor sentiment weakened on renewed concerns over the new coronavirus outbreak, analysts said. The won fell against the dollar. The Kospi declined 44.48 points, or 2.04 percent, to finish at 2,132.30.
Stocks closed lower to end a nine-day winning-streak on Thursday, with a gloomy outlook from the U.S. Federal Reserve for the pandemic-hit economy spooking investors. The won fell against the greenback.
Stocks closed higher for the ninth consecutive session Wednesday, although investors held back while waiting for the outcome of a U.S. Federal Reserve meeting, analysts said. The won gained against the greenback.
Stocks closed higher Tuesday, extending a winning streak to an eighth consecutive session on hopes for economic recovery and ahead of the Fed meeting this week. The won sharply rose against the dollar.