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MarketScreener Homepage  >  Indices  >  World  >  KOSPI Composite Index    KOSPI   KRD020020008

KOSPI COMPOSITE INDEX

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TrackInsight: Korean Stocks are on the rise

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07/12/2019 | 10:30am EDT

ETFs related to South Korean Stocks went up by +1,73% on average during Thursday, July 12th.

ETFs related to South Korean Stocks went up by +1,73% on average during Thursday, July 12th. It is the third straight session of gains for the Korean main index KOSPI. Korean stocks are reacting to Jerome Powell’s declaration, when the Chairman of the American Federal Reserve hinted at an interest rate cut during July. During the same time, the Korean Won weakened against the US Dollar. Even if the last days were positive for Korean Stocks, some worries are still remaining about China’s economic data to come. Year-to-date, the segment of Korean Stocks is close to breakeven, at -0,97%, and suffered from notables outflows during the year ($-446M). 85 ETFs are tracking 60 indices related to Korean Stocks, and they gather more than $6Bn of assets under management.


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