“The breakthrough of KOSPI 3,000 was attributed to the recovery of economic and corporate performance”
“Anxiety and anticipation intersect…investment is important within my own investment capacity”
Finance Commissioner Eun Seong-soo said on the 8th that the KOSPI broke through the 3,100 line, “I will actively work to sustain and strengthen this positive trend.”
Chairman Eun said at the weekly business meeting that day, “in the era of 3,000 points in stock prices, anxiety and expectations are intersecting,” the Financial Services Commission said.
On this day, KOSPI ended the market at 3,152.18, a 120.50 point (3.97%) increase from the previous day.
From the 23rd of last month to this day, it soared a whopping 418.5 points (15.3%) in 10 trading days.
Chairman Eun said, “The reason why the stock index exceeded the 3,000 line is largely due to the recovery of our economy and business performance.” Evaluated.
“The government also prevented economic shock and financial market instability early with preemptive and drastic economic measures and quarantine measures, and the people also actively participated in the market and became one of the pillars of our stock market.”
Regarding the rise of foreigners’ net buying in the securities market, he added, “It is a proof that foreign investors are also positively evaluating the Korean economy and the stock market.”
Chairman Eun said, “We will continue to innovate to make our capital market an attractive investment destination, and strengthen our policy efforts so that market liquidity can flow into the real world.”
However, there are voices of concern over the overheating of the market over the recent rapid surge in the KOSPI.
Now, the stock price is on a high pace based on abundant liquidity, but there is a possibility that it will become a financial risk if the correction follows.
Chairman Eun said, “It is important to invest within the scope of your investment capacity through an accurate analysis of the company’s performance. We will try to establish the investment principle that investment is made at your own risk and establish a mature investment culture.”
/yunhap news
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution