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KOSPI Jumps 81% Toward 8,000, While KOSDAQ’s 28% Rise Tests 3,000

Published: · Source: mk.co.kr

KOSPI Jumps 81% Toward 8,000, While KOSDAQ’s 28% Rise Tests 3,000
TL;DR: As South Korean stocks keep setting record highs, the KOSPI has climbed 81% this year, fueling hopes for 8,000, while the KOSDAQ’s 28% gain leaves its 3,000 test in focus.
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South Korea’s stock market has recently continued to break record highs almost whenever trading opens. Amid that rally, the gap between the KOSPI and KOSDAQ’s gains has become clear. The KOSPI has surged 81% so far this year, raising expectations that it could move toward 8,000 points. By contrast, the KOSDAQ has risen 28%, showing a more limited advance. Market attention is now focused on whether the KOSDAQ can challenge the 3,000 level, often described as “3,000 KOSDAQ,” while the KOSPI maintains its strength. Both indexes are rising, but the difference in momentum may affect investor sentiment and fund flows by stock. Source: mk.co.kr

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