Seoul Composite Index recorded an impressive performance in this trading session, closing up 1.57%, a gain that led it to set a new all-time high. According to RTHK data, the index closed at 5,371 points, accumulating an increase of 83 points compared to the previous session.
The upward movement was particularly significant considering that, at the start of the trading day, the Composite Index had initially fallen nearly 1%. This reversal contradicts the initial pattern of weakness, demonstrating a change in direction that led the market to break through technical resistances and reach record levels. The recovery reflects a renewed investor confidence in the South Korean market throughout the day.
With the close above 5,370 points, the South Korean market consolidates an upward trajectory, surpassing important technical benchmarks. This type of performance reinforces the buying momentum in the regional stock segment, with the market recording its worst and best performance on the same trading day.
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Seoul Stock Market Breaks 46028 with a Sharp Increase of 1.6%
Seoul Composite Index recorded an impressive performance in this trading session, closing up 1.57%, a gain that led it to set a new all-time high. According to RTHK data, the index closed at 5,371 points, accumulating an increase of 83 points compared to the previous session.
The upward movement was particularly significant considering that, at the start of the trading day, the Composite Index had initially fallen nearly 1%. This reversal contradicts the initial pattern of weakness, demonstrating a change in direction that led the market to break through technical resistances and reach record levels. The recovery reflects a renewed investor confidence in the South Korean market throughout the day.
With the close above 5,370 points, the South Korean market consolidates an upward trajectory, surpassing important technical benchmarks. This type of performance reinforces the buying momentum in the regional stock segment, with the market recording its worst and best performance on the same trading day.