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TrackInsight: Positive performance for Korean Stocks

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09/02/2019 | 10:15am EDT

The Korean stocks market distinguished itself by posting an outstanding average daily performance on Friday, August 30th.

The Korean stocks market distinguished itself by posting an outstanding average daily performance on Friday, August 30th of +2,58%. The market surges on trade optimism as the United States and China looked set to restart their trade talks, while the Bank of Korea indicated that a rate cut was under consideration. The 1-month rolling performance of the Korean Large & Mid Cap stocks remains negative, at -5,28% and investors tend to withdraw their assets from this segment following the recent news ($ -95 M over the last 30 days). In 2019, the 36 ETFs of this segment lost almost 9% and $ 700M in assets from the primary market, lowering the total assets under management to $ 5,4 billion.


© www.trackinsight.com 2019
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