KOSPI Rebounds After January Crash

  • By Hong Jun-ki

    February 04, 2022 09:51

    The Korea Composite Stock Price Index rebounded to over 2,700 points on the first trading day after the Lunar New Year holiday.

    The KOSPI closed up 1.7 percent on Thursday at 2,707.82 points. It closed below 2,700 on Jan. 27 and 28, just before the holiday, for the first time in 14 months.

    An electronic board at KEB Hana Bank headquarters in Seoul shows the Korea Composite Stock Price Index closing at 2,707.82 points on Thursday. /Newsis

    The junior Kosdaq also rose 2.1 percent to 891.6 points. Foreign investors snapped up W85 billion worth of Korean shares, while institutional investors bought W50 billion.

    But retail investors still sold W135 billion worth, and KOSPI leader Samsung Electronics closed flat at W73,300 per share.

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