KOSPI Nears 2,100 Points

      July 31, 2014 10:58

      The Korea Composite Stock Price Index surpassed 2,080 points on Wednesday thanks to continued foreign buying. The KOSPI ended up one percent at 2,082.6, setting a new yearly record for the fourth straight session.

      Foreigners snapped up W598.5 billion (US$1=W1,024) worth of shares, the most so far this year and their 12th buying session in a row.

      Institutional investors sold W12.4 billion worth of shares while individual investors cashed in W576.3 billion worth of stocks.

      The KOSPI reached 2,093 points at one point during the day's trading, raising expectations that it will breach 2,100 points soon. It was the first time in three years that the index surged above 2,090.

      Total market capital on Wednesday amounted to a record W1,250.3 trillion. The previous record was W1,250 trillion in May 2011.

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