KOSPI Rises for Fifth Consecutive Day, Following U.S. Market Gains
08/14 00:35
On August 14, driven by the rise in U.S. chip stocks, the Korea Composite Stock Price Index (KOSPI) surged by 2.9%, briefly surpassing the 7000-point mark. SK Hynix's stock price increased by over 6%, propelling the index higher, with Samsung Electronics and SK Square also following suit with gains. Foreign funds purchased KOSPI stocks during morning trading, while local funds sold. The benchmark index has risen over 11% this week. The Korea Securities Dealers Automated Quotations (KOSDAQ) small-cap index saw an increase of up to 2%. (Sina Finance)
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