KOSPI Surpasses 2,000 Mark for First Time This Year

A monitor shows the KOSPI climbing to 1,997.25 points on Tuesday. /News 1 A monitor shows the KOSPI climbing to 1,997.25 points on Tuesday. /News 1

The Korea Composite Stock Price Index surpassed the 2,000-point level during trading on Wednesday, backed by six-straight trading days of net buying by foreign investors.

It was the first time this year that the KOSPI surpassed the 2,000-point mark.

But the momentum weakened toward the end of trading, prompting the KOSPI to close at 1,997.25, up 0.26 percent from the previous day.

But it is a bit early to be optimistic as a more crucial test would be whether the KOSPI surpasses 2,050.

The index rose above 2,000 about ten times in the last three years but has never exceeded 2,050.

englishnews@chosun.com / Apr. 03, 2014 11:34 KST