South Korea’s Kospi jumps in early trading, up more than 20% from July low
South Korea’s Kospi index rose as much as 4% in early trading Thursday, bringing its cumulative gain from the July 30 low to more than 20%. Moderate U.S. inflation data lifted investor sentiment and eased concerns that the Federal Reserve could raise interest rates soon. Samsung Electronics and SK Hynix led the advance, with both stocks rising more than 4%. Mirae Asset Securities said in a report that the pullback in SK Hynix’s stock appeared excessive. The brokerage maintained its buy rating and a price target of 2.8 million won. South Korea’s Kosdaq index rose 1.3%.
South Korea’s Kospi index rose as much as 4% in early trading Thursday, bringing its cumulative gain from the July 30 low to more than 20%.
Moderate U.S. inflation data lifted investor sentiment and eased concerns that the Federal Reserve could raise interest rates soon. Samsung Electronics and SK Hynix led the advance, with both stocks rising more than 4%.
Mirae Asset Securities said in a report that the pullback in SK Hynix’s stock appeared excessive. The brokerage maintained its buy rating and a price target of 2.8 million won. South Korea’s Kosdaq index rose 1.3%.
Moderate U.S. inflation data lifted investor sentiment and eased concerns that the Federal Reserve could raise interest rates soon. Samsung Electronics and SK Hynix led the advance, with both stocks rising more than 4%.
Mirae Asset Securities said in a report that the pullback in SK Hynix’s stock appeared excessive. The brokerage maintained its buy rating and a price target of 2.8 million won. South Korea’s Kosdaq index rose 1.3%.