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Kospi, 3,130 Points, Closing Record High… Highest in 3 Years and 10 Months (Comprehensive)
3 Articles
3 Articles
(Seoul = Yonhap News) Reporter Lee Min-young = KOSPI rose for the third day on the 9th on expectations of benefits from the new government's policies, closing at 3,130, renewing its all-time high.
KOSPI renewed its all-time high despite uncertainty over US tariffs. The ruling party's proposal to require the burning of treasury stocks has stimulated expectations for further increases in the index. US President Donald Trump's repeated tariff remarks have also led to the term 'TACO' (Trump is always scared).
Securities Stocks Surge on Expectations of Mandatory Treasury Stock Cancellation
KOSPI closed at 3,133.74 on July 9, up 18.79 points (0.60%) from the previous trading day, successfully rising for the third consecutive day and setting a new yearly high. (Captured from the Korea Exchange website) The stock prices of domestic securities firms surged significantly following news that the government and ruling party are preparing a Commercial Act amendment bill centered on mandatory treasury stock cancellation. The high ratio of …
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