Growth of Stock Market
The Korea Exchange announced on October 8 that KOSPI rose 17.1% from the beginning of this year to September 27, showing the fifth-highest rate of increase among the stock markets of G20 countries.
IT and semiconductor companies such as Samsung Electronics and SK Hynix led the growth of the index from late last year after the stock market had drifted sideways for no less than six years. On July 24, the stock market closed at 2,451.53 points. Then, geopolitical risks related to North Korea and military tensions between the United States and North Korea emerged and the index has been stagnant for two months.
The Argentine stock market index, in the meantime, rose 49.4% from 16,917.86 to 25,271.19 between the end of last year and September 27. It was followed by Turkey (29.5%), Brazil (22.5%) and Italy (17.6%). India came in sixth with 17%.
The Dow Jones Industrial Average rose 13% while the German and French stock markets rose 10.2% and 8.6%, respectively. China and Japan came in 14th and 15th with 7.8% and 6%, respectively. During the same period, the Russian RTSI index fell 2.2% and became the only one that showed a negative growth.