KOSPI Continues 8-Day Record-Breaking Streak

  • By Lee Kyung-eun

    November 12, 2020 10:08

    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.

    An electronic board at KEB Hana Bank headquarters in Seoul shows the Korea Composite Stock Price Index closing at 2,485.87 points on Wednesday. /Yonhap

    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.

    • Copyright © Chosunilbo & Chosun.com
    Previous Next
    All Headlines Back to Top