February 24, 2021

Good data from COVID-19 in South Korea encourages the Seoul Stock Exchange



The Seoul Stock Exchange rose this Monday thanks to persistent good data regarding new daily infections of the new coronavirus registered in South Korea.

South Korea’s main indicator, the Kospi, gained 36.76 points today, 1.79%, to close at 1,922.77 integers, while the Kosdaq technology index advanced 2.2% or 13.9 points, standing at 646 , 86 units.

South Korea today reported 10 new COVID-19 infections, marking the fifth day in a row that the Asian country, where more than 81% of those infected have already been cured, detects 10 or fewer cases a day.

These data, together with the stimulus package that the South Korean government has promised to companies worth 135 trillion won (101.471 million euros / 109.950 million dollars), stimulated purchases, mainly from foreign and institutional investors.

In this way, most great values ​​advanced today.

Samsung Electronics, the largest asset in the South Korean market, rose 1.01% today, while the world’s second largest chip maker, SK Hynix, gained 1.47%.

South Korea’s largest automaker, Hyundai Motor, rose 1.66%, while its subsidiary Kia Motors climbed 3.25%.

On the other hand, in the pharmaceutical sector Samsung BioLogics reduced its listing by 0.51%.

For its part, the local currency, the won, gained 9.3 units to the dollar today, which at the close was changed to 1,226.2 won.

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