The Kospi of Seoul rises 0.46% and scores fourth consecutive positive day



The Seoul Stock Exchange rose 0.46% on Wednesday in its main indicator, the Kospi, on the fourth consecutive positive session, despite the latest decline on Wall Street, which usually determines the performance of the South Korean parquet.

The Kospi gained 9.03 points today, up to 1,989.64 points, while the Kosdaq technology index rose 1.78% or 12.40 points, to 708.76 units.

This is the fourth consecutive rise in the Seoul Stock Exchange, despite Tuesday’s pullback on Wall Street, where key indicators fell shortly before closing on concerns about the efficacy of a future covid-19 vaccine.

Samsung Electronics, the largest firm for South Korean operators, fell 0.60% and the world’s second-largest maker of microchips, SK Hynix, advanced 1.69%.

For its part, the automotive group Hyundai Motor fell 1.82% and its subsidiary Kia Motors fell 2.68%.

In other sectors, the pharmaceutical Samsung BioLogics remained unchanged and its rival Celltrion advanced 2.58%.

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