The Kosdaq has risen about 19 percent this month, the best performance among major global equity indexes. But some of the speculative trading that had fueled volatility in the KOSPI has migrated to the junior bourse, leaving the smaller-cap market prone to sharper swings, market watchers said Wednesday. The index hit a year-to-date high of 1,226.18 on April 27 before sliding from May, according to the Korea Exchange. It fell to 644.78 on July 30, a three-month low, before rebounding sharply to the 850 level. On Wednesday, it closed at 858.91, up 0.12 percent from the previous session. The turnaround came as enthusiasm for semiconductor stocks cooled and tighter restrictions on single-stock leveraged exchange-traded funds (ETFs) dampened activity in the benchmark KOSPI. Bargain hunting after the Kosdaq’s steep decline also helped fuel the rebound. However, the shift has also redirected speculative capital into the market, with retail investors rapidly changing their positioning. Buy-side trading curbs have been triggered four times in seven sessions since July 31. Between July 1 to 31, in
Speculative fever grips Kosdaq amid record rally
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- Speculative fever grips Kosdaq amid record rally
The Kosdaq has risen about 19 percent this month, the best performance among major global equity indexes. But some of the speculative trading that had fueled volatility in the KOSPI has migrated to the junior bourse, leaving the smaller-cap market prone to sharper swings, market watchers said Wednesday. The index hit a year-to-date high of 1,226.18 on April 27 before… Read more: Speculative fever grips Kosdaq amid record rally - GKL, Gangnam Medical Tour Center team up to promote wellness tourismGrand Korea Leisure (GKL) has partnered with the Gangnam Medical Tour Center to launch the K-Medical Wellness Experience Zone, an interactive showcase aimed at attracting overseas visitors and boosting the local economy through medical and wellness tourism. The state-run casino operator said Wednesday that the event will run through Aug. 31 on the third floor of its Seven Luck Casino… Read more: GKL, Gangnam Medical Tour Center team up to promote wellness tourism
- Seoul to expand nighttime river bus operations starting SaturdaySeeking to turn its iconic river into a major nighttime destination, Seoul is expanding evening ferry services on the Han River. Municipal officials said Wednesday that the Hangang Bus will extend its late-hour service starting Saturday, adding key departures aimed at nighttime sightseers, evening leisure seekers and late commuters. The schedule adjustments focus on the waterway’s highest-demand areas. Two extra… Read more: Seoul to expand nighttime river bus operations starting Saturday
- Korean, Venezuelan FMs discuss cooperation, earthquake recoveryForeign Minister Cho Hyun and his Venezuelan counterpart, Felix Plasencia, held phone talks Wednesday and discussed ways to enhance cooperation, Seoul’s foreign ministry said. During the call, Cho expressed condolences to the victims of recent earthquakes in Venezuela and pledged to support the country’s recovery efforts. Venezuela suffered a pair of powerful earthquakes in June that killed more than 6,000… Read more: Korean, Venezuelan FMs discuss cooperation, earthquake recovery
- Trump says his plane faced ‘greater risk’ in secret flight changeWASHINGTON — U.S. President Donald Trump said on Wednesday he secretly switched planes in Turkey last month at the direction of the U.S. Secret Service, but that the plane he ultimately flew on was still more vulnerable than Air Force One. Following a NATO summit in Ankara, Trump was transferred from Air Force One to a military plane via a… Read more: Trump says his plane faced ‘greater risk’ in secret flight change
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Learn People & History of Korea
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