January 22, 2021 10:02 The Korea Composite Stock Price Index rose for a third session on Thursday, closing up 1.49 percent at a record 3,160.84 points. The previous record was only set on Jan. 8. Institutional investors cashed in W290 billion worth of stocks and retail investors W60 billion (US$1=W1,098). But foreign investors snapped up around W370 billion. Overnight gains on Wall Street buoyed investor sentiment here. The Dow Industrial, S&P 500 and Nasdaq all closed up on Wednesday on expectations that new U.S. President Joe Biden will pursue massive economic stimulus. The Dow closed up 0.83 percent at 1,188.38 points, the S&P 500 up 1.39 percent at 3,851.85 and the Nasdaq up 1.97 percent at 13,457.25. Individual Investors Snap up W4.5 Trillion Worth of Stocks in a Day KOSPI Surpasses 3,000 Points KOSPI Starts New Year on Yet Another High KOSPI Closes 2020 at All-Time High Korean Stock Market Performs Best in G20 Samsung, Hynix Stocks Soar to Fresh Records Korean Stocks Hit New Record on Improved Growth Forecast Are Korean Stocks Overheating? KOSPI Soars Above 2,500 Points KOSPI Continues 8-Day Record-Breaking Streak KOSPI Ecstatic at Biden Win KOSPI Takes Heavy Tumble KOSPI Growth Ranks 2nd Among G20 Small… Read full this story
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