KOSPI Continues 8-Day Record-Breaking Streak

The Korea Composite Stock Price Index rose for the eighth straight session on Wednesday and closed up 1.35 percent at a record 2,485.87 points powered by foreign buying.

According to the Korea Exchange, foreign investors have snapped up W3.32 trillion worth of Korean stocks so far this month (US$1=W1,113). Sentiment was buoyed by the resolution of uncertainties created by the U.S. presidential election as well as expectations for a coronavirus vaccine.

In contrast, individual domestic investors cashed in W5 trillion worth of shares, but thanks to strong foreign buying, the KOSPI ascended 9.65 percent over the last eight trading days.