The main stock market index in South Korea (KOSPI) increased 332 points or 14.85% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Korea.
Historically, the South Korea Stock Market reached an all time high of 3316.08 in June of 2021. South Korea Stock Market - data, forecasts, historical chart - was last updated on December 19 of 2023.
The South Korea Stock Market is expected to trade at 2553.31 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2522.80 in 12 months time.
South Korea Stock Market
The Korea Stock Exchange Composite KOSPI is a major stock market index which tracks the performance of all common shares listed on the Korean Stock Exchange. It is a capitalization-weighted index. The KOSPI Index has a base value of 100 as of January 4, 1980. The KOSPI is a major stock market index which tracks the performance of large companies based in South Korea. The prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Please visit https://global.krx.co.kr/ for official data and contact https://english.koscom.co.kr if you need to have a market data license.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 2568.55 | 2566.86 | 3316.08 | 115.25 | 1983 - 2023 | points | Daily |
As someone deeply familiar with financial markets, including stock exchanges and indices, I've extensively studied various stock markets around the world, including the South Korean market. My knowledge stems from understanding the dynamics of capital markets, interpreting stock market indices, and analyzing economic indicators that influence market movements. I've accessed a vast amount of data, articles, research papers, and market analyses up until my last training data in January 2022.
Now, let's break down the concepts mentioned in the article:
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KOSPI (Korea Stock Exchange Composite Index):
- The KOSPI is the main stock market index of South Korea, representing the performance of all common stocks listed on the Korean Stock Exchange (KRX).
- Established with a base value of 100 as of January 4, 1980, it serves as a benchmark for the South Korean stock market.
- Being capitalization-weighted means that companies with higher market capitalization have a more significant influence on the index's movements.
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Performance Metrics:
- The article mentions that the KOSPI increased by 332 points or 14.85% since the beginning of 2023. This is a significant rise, indicating a bullish trend or positive sentiment towards South Korean equities during this period.
- Historically, the KOSPI reached its all-time high of 3316.08 in June 2021. Since then, it seems to have experienced fluctuations, as evidenced by its current level of 2568.55 (as of December 19, 2023).
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Trading Instruments and Data Sources:
- The prices referenced in the article, such as the 2568.55 figure, are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. CFDs allow traders to speculate on the price movements of assets without owning them, providing leverage and the potential for both gains and losses.
- For those interested in accessing official data on the South Korean stock market, the Korea Stock Exchange (KRX) offers official data on their website. Additionally, if one requires a market data license, they can contact the mentioned official sources.
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Future Projections:
- According to Trading Economics' global macro models and analysts' expectations, the South Korea Stock Market is forecasted to trade at 2553.31 points by the end of the current quarter. Looking further ahead, a 12-month projection estimates the market to trade at 2522.80 points.
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Market Data Coverage:
- The data provided in the article covers the South Korean stock market's performance from 1983 to 2023, spanning several decades and capturing various economic and geopolitical events that may have influenced market movements.
In summary, the article provides a comprehensive overview of the KOSPI's recent performance, historical context, future projections, and data sources. The KOSPI's movements reflect broader economic trends, corporate performances, geopolitical events, and investor sentiment related to South Korea's economy.
