The KOSPI fell 53.36 points or 2.29% to 5-week lows of 2279.88 on Thursday, tracking losses in US equities, with tech shares leading the market slump. Meantime, Korea added 125 more COVID-19 cases as health authorities struggle with untraceable sources of infection, which could lead to an explosive spike in cases at any time. Finally, projections from the Korea Economic Research Institute revealed that Asia's fourth-largest economy is likely to contract 3.8% on-year in the July-December period, worse than a 2.9% contraction projected in the second quarter.
Historically, the South Korea Stock Market (KOSPI) reached an all time high of 2607.10 in January of 2018. South Korea Stock Market (KOSPI) - data, forecasts, historical chart - was last updated on September of 2020.
The South Korea Stock Market (KOSPI) is expected to trade at 2225.16 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2082.76 in 12 months time.