The Kospi Index is stuck in a local bear market after falling 21% from its year-to-date high. It ended the week at 7,475, down sharply from the year-to-date high of 9,387. This article highlights some of the top catalysts for South Korean stocks this week. Kospi Index chart | Source: TradingView Kospi Index to react to SK Hynix US IPO The Kospi Index will react to last Friday’s SK Hynix US IPO that saw it raise over $26.5 billion. Its stock jumped by over 13% on its first day as brokers rushed to fill pre-orders. The IPO happened when South Korean stocks were closed, meaning that investors in the country will have a chance to respond to the listing. A...
Top catalysts for South Korea’s Kospi Index this week
