The KOSPI added 22.37 points or 0.7% to 3201.11 on Friday, closing 1.7% higher for the week and closing near record high valuations as investors tracked a lift in US equities that stemmed from improved US unemployment data. On the coronavirus front, the KDCA reported 525 more COVID-19 cases as rising sporadic cluster infections across the country persist. Meantime, local 10-year bond yields were at 2.143%, while US 10-year rates were at 1.582%. On the data front, South Korea’s current account surplus widened to USD 7.82 billion in February of 2021 from USD 5.94 billion in the same month of the previous year. Exports, which account for half of the South Korean economy, rose 16.6% on-year in March to extending gains for the 5th consecutive month on the back of brisk demand for chips and cars, while Imports gained 18.8% for the 11th consecutive month of surplus.
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 May 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.