The KOSPI added 8.03 points or 0.26% to 3120.83 on Monday, closing at 6-week highs on hopes of a global economic rebound from massive US stimulus. Investors are watching the progress of US President Joe Biden’s $2.25 trillion infrastructure proposal, as Republicans expressed guarded support for a more limited plan. Local 10-year yields lifted to 2.114% while US10-year rates neared 14-month highs of 1.72%. On the coronavirus front, the KDCA reported 473 more COVID-19 cases on Monday on fewer tests over the weekend, but health authorities warned of enhanced social distancing rules amid growing concerns over a new wave of the pandemic. In recent data, South Korea's consumer price inflation increased to 1.5% on-year in March, the highest inflation rate since January last year.
Historically, the South Korea Stock Market reached an all time high of 3266.23 in January of 2021. South Korea Stock Market - data, forecasts, historical chart - was last updated on April of 2021.
The South Korea Stock Market is expected to trade at 3009.66 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 2817.05 in 12 months time.