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.
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.
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.
Even teenagers are investing in stocks these days. “Now teenagers even think that ‘studying’ is not enough.”
Stocks dipped more than 2 percent Friday as investors booked profits from a recent rally. The won fell against the dollar.
Retail investors' stock-related funds have risen by nearly 20 trillion ($18.2 billion) this year on the back of a surging stock market, industry data showed Thursday.
Stocks snapped a two-session losing streak Wednesday as investors scooped up bigcaps that recently suffered heavy losses. The won rose against the dollar.
IPO mania is set to continue into 2021 as interesting new issues hit the market, punters borrow to invest and memories of strong offerings in 2020 linger in the minds of the hopeful.