Inaugurated the new history of the ‘Era 2600’ written KOSPI



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Record close of 2602.59

The KOSPI broke the 2600 line in 2 years and 10 months. It failed to break the record of 2607.10 on the weekday, but it opened a new era of the stock market by closing the market with the record above the 2600 line for the first time. According to the Korean Stock Exchange on the 23rd, the KOSPI closed at 2602.59, an increase of 49.09 points (1.92%) compared to the previous trading day. This is an all-time high based on the closing price of 2598.19, which was released on January 29, 2018, two years and ten months ago.

The intraday standard also rose to 2605.58 at 3:19 pm on the same day, threatening 2607.10, an all-time high during the week of January 29, 2018.

The main background of the KOSPI increase on this day is the buying trend of foreign investors. Foreign investors continued their net purchase on the 13th trading day with a net purchase of 985 billion won. The reason why net purchases by foreigners continued because the strength of the won caused by the fall in the exchange rate created a favorable environment for foreign purchases inflows.

In fact, the won-dollar exchange rate has fallen to 1,100 won, the lowest level in 29 months last week, and has been fluctuating slightly.

In addition, it is analyzed that investment has been concentrated as expectations of economic normalization have overlapped after the resolution of the uncertainty of the US presidential election and the development of the Corona 19 vaccine.

On the other hand, on the same day, individual investors began to make a profit by net selling 8732 billion won.

As the KOSPI surpassed 2,600, all stocks with the highest market capitalization also increased.

Samsung Electronics, the number one market cap, closed at 67,000 won, up 4.33% (2,800 won) compared to the previous trading day, breaking the record. SK Hynix (+ 3.31%), Samsung Biologics (+ 0.63%), LG Chem (+ 3.31%) and Samsung Electronics Woo (+ 4.63%) also increased.

/ Reporter Park Dong-hyuk [email protected]

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