Risk-on mood pushes the Kospi Composite Index 1.23% higher

Published: January 26 2023, 05:31 GMT+0

Risk-on mood pushes the Kospi Composite Index 1.23% higher

A quick look at yesterday: after closing at 2,428.57 Tuesday, KOSPI Composite Index maintained a strong bullish bias that helped the index close higher at 2,458.36 yesterday. However, market bears ensured the the Kospi Composite Index topped out at 2,459.48 and that by the end of the session, the market had marked out a distinct 2,426.4 to 2,459.48 range.

The Kospi Composite Index shows positive signs, other assets are also on par: Hang Seng went up by 1.8% yesterday, and closed at 22,442.

Meanwhile, ASX 200 stumbles 0.3% yesterday and closed at 7,490.4.

This year has been a bright one for the Kospi Composite Index after trading as low as 2,155.49 and going on to appreciate by 8.59% year to date.

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