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South Korean Stock Exchange Rallies: KOSPI Exceeds 7,300, KOSDAQ Breaks 820 Points

Chosun Ilbo
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Wichtigste Punkte

  • The KOSPI index surpassed the 7,300 level with intense purchases by foreign and institutional investors.
  • The KOSDAQ index also gained over 4 percent in value, settling at 820 points.
  • A buy-side sidecar measure was implemented in the stock market due to excessive buying early in the trading session.

In Zahlen

6.75% KOSPI increase7,319.48 KOSPI level462.65 point rise820 KOSDAQ level

South Korea's main stock index, KOSPI, gained over 6 percent thanks to strong purchases by foreign and institutional investors, leaving the 7,300 level behind. The KOSDAQ index is also continuing its course at 820 points, increasing by over 4 percent with a similar rise.

As of 11:24 on the 15th day of the month, the KOSPI index traded at 7,319.48 points, marking a sharp increase of 462.65 points (6.75%) compared to the previous day. Due to the rapid rise experienced during the opening phase of trading, the buy-side "sidecar" mechanism, a systemic precaution, was temporarily activated.

Following the opening, as foreign and institutional investors continued their net purchases, the index captured a strong upward trend at around 7 percent levels. This situation revealed the intense demand increase and investor confidence in the markets.

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What is the latest situation in the KOSPI and KOSDAQ indices?
While the KOSPI index reached 7,319.48 points, the KOSDAQ index settled at 820 points; both indices experienced a significant appreciation.
What is the main reason for this sharp rise in the market?
The rise is mainly driven by strong and joint purchases in the market by foreign investors and local institutions.
What is the "buy sidecar" application mentioned in the news?
This is a safety mechanism that temporarily halts trading when prices rise too quickly on the stock exchange, aiming to slow down excessive fluctuations in the market.

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