[Analysis] Spike in inflation will have limited impact on stocks
Posted : 2021-02-27 09:31
Updated : 2021-02-28 19:44
An unnamed foreign currency dealer in Hana Bank scratches his head, while the closing quotes of the KOSPI and won-dollar rate can be seen behind him, on Friday. The KOSPI lost 2.8 percent to close at 3,012.95 points, as investors worries grew over post-COVID-19 inflation. The local currency closed at 1,123.6 won against the U.S. dollar, down 15.7 won from the previous session s close. Yonhap
BOK plans to purchase 5 to 7 trillion won worth of government bonds by June
By Kim Yoo-chul
The South Korean stock market is feeling some pressure because Wall Street investors were apparently focusing more on the effects of a spike in the 10-year Treasury bond yield. But market analysts say rising yields and fears of inflation are signs of economic growth.
S. Korean Stock Market Logs Stellar Gains in 2020, Set for Rosy 2021
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Executives of main bourse operator Korea Exchange celebrate the closing of this year’s last trading day on Dec. 30, 2020. (Yonhap)
SEOUL, Dec. 30 (Korea Bizwire) South Korea’s benchmark stock index skyrocketed over 30 percent this year from a year ago, buoyed by strong buying of individual investors and expectations of a speedy recovery from the pandemic next year, the bourse operator said Wednesday.
In the final trading session of 2020 on Wednesday, the benchmark Korea Composite Stock Price Index (KOSPI) closed at a record 2,873.47 points, up 30.75 percent from last year’s final closing at 2,197.67.