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On the first floor of the Korea Exchange in Yeouido, Seoul, Seoul, there is a sculpture in which the “bull” that symbolizes the bull market hits the “bear” that means bear market. Photo material
The KOSPI index reached an all-time high, surpassing the 2600 line thanks to the buying trend of foreign investors. On the 23rd, KOSPI closed the deal at 2602.59, up 49.09 (1.92%) from the previous day. It surpassed the high of 2598.19 based on the closing price recorded on January 29, 2018 over 2 years and 10 months. The intraday high was 2605.58, which was lower than the previous intraday high (2607.10, January 29, 2018). On this day, foreigners led the index hike with the net purchase of 9885 billion won. Net purchases from abroad accumulated on the 13th trading day exceeded 6 trillion won. Large-cap stocks such as Samsung Electronics (4.33%) and SK Hynix (3.31%) were notable, driven by overseas purchases. The KOSDAQ closed at 873.29, up 3.11 (0.36%) from the previous day. The index opened at 872.22, up 2.04 (0.23%) from the previous day, and continued to rise. On this day, the won-dollar exchange rate closed at 1110.4 won, down 3.9 won from the previous trading day. It started with 1115.5 wins, up 1.2 wins at the start of the market, but right after the opening. It has been in a downtrend all day, dropping to the initial level of 1110 won just before the close of the trade. News of large shipbuilding orders and net purchases of foreigners on the stock exchange were cited as important factors behind the drop in the exchange rate. By Kim Young-bae, staff reporter [email protected]
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