Stocks slumped after a choppy session Wednesday, largely due to heavy foreign selling related to concerns over fiscal policy tightening in major financial markets. The won rose against the dollar.
Stocks dropped more than 2 percent Tuesday as foreign and institutional investors took profits after the Kospi hit an all-time high the previous session. The won fell against the dollar.
Stocks surpassed the 3,200-point threshold to finish at an all-time high Monday, with a flurry of big-name firms set to report their fourth-quarter earnings.
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.”