The smaller KOSDAQ index is displayed on a display screen contained in the dealing room in Hana Financial institution in central Seoul, Thursday. Yonhap
The market capitalization of Korea’s secondary KOSDAQ market surpassed 500 trillion gained ($340.1 billion) for the primary time throughout intraday buying and selling on Thursday, boosted by anticipation for the federal government’s market boosting measures.
The market cap of the KOSDAQ was recorded at 502.6 trillion gained at 9:42 a.m., up 1 p.c from the day past. The index had risen for the previous six consecutive periods, from 877.32 factors on Nov. 26 to 932.01 on Wednesday.
The latest rise is attributed to rising expectations for coverage measures to advertise the smaller, tech-heavy market, amid the federal government having repeatedly expressed its intent to invigorate the native enterprise capital ecosystem.
Native media reported final month that the federal government might introduce complete measures to spice up the KOSDAQ market, together with larger tax advantages for retail and institutional traders.
The Monetary Providers Fee has denied such experiences however famous it’s reviewing numerous measures to revitalize the capital market.
