The KOSPI moved 20.78 points or 0.99% higher to 2127.48 on Thursday. Investors proved optimistic across Asian session after drug company Pfizer and bio-tech firm BioNTech announced that they’re seeing early success with their COVID-19 vaccine. In addition, upbeat manufacturing PMI data for China and the US further boosted sentiment. On the data front, South Korea's consumer prices remained unchanged year-on-year in June 2020 from a 0.3 percent decline in the previous month compared to markets consensus of a 0.1 percent drop.
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 July of 2020.
The South Korea Stock Market (KOSPI) is expected to trade at 2088.82 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 1955.14 in 12 months time.