Kospi Opens Up 2.15% at 7,127.77, Reclaims 7,100 for First Time in 17 Sessions
Korea Economic Daily
Summary
- The Kospi reclaimed the 7,100 level and opened at 7,127.77.
- The benchmark started trading 2.15% higher than the previous session.
- Overnight strength in the memory-chip sector in New York helped lift the index, with Samsung Electronics and SK Hynix opening up 3.10% and 6.02%, respectively.
Forecast Trend Report by Period
South Korea’s Kospi reopened above the 7,100 mark on Aug. 18.
The benchmark index opened at 7,127.77, up 149.83 points, or 2.15%, from the previous session. It was the first time the Kospi traded above 7,100 intraday since July 23, when it reached a session high of 7,108.44.
Samsung Electronics Co. and SK Hynix Inc. helped lift the index after the memory-chip sector rallied overnight in New York. The two stocks opened regular trading up 3.10% and 6.02%, respectively.
Han Kyung-woo, Hankyung.com reporter, case@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.