KOSDAQ 3-Month Growth Rate Ranked 1st in the World

KOSDAQ 3-Month Growth Rate Ranked 1st in the World

The highest return among 30 major emerging markets indexes

The KOSDAQ index showed the highest growth rate among the world's major advanced economies and emerging economies during the last three months of the rally.

According to the Korea Exchange, the KOSDAQ index rose 212.46 points, or 30.54%, from 695.77 to 908.23 in the three months from November 1 to the last day of last year.

It is the highest among the 30 major stock indexes in 27 countries and regions including the 20 major countries (G20) and Hong Kong.

The KOSDAQ also outperformed the VN index (VNI) of the Ho Chi Minh Stock Exchange in Vietnam by 30.49% over the same period.

The Merval Index of the Argentinean Buenos Aires stock rose 23.8% and the Bovespa index of the Brazilian Sao Paulo stock market, which rallied to an all-time high this year, also rose by 15.8%.

In addition, Russia's RTS index (14.8%), Hong Kong's Hang Seng index (14.2%), the US Dow Jones 30 industry average index (11.7%) and Saudi Arabia's Tadawul All Share (10.2% Or more.

The KOSPI rose 0.5% to 2,568.54 from 2,556.47 during this period. It was 23rd among the surveyed indexes.

The KOSDAQ has risen most steeply in recent decades thanks to the upturn in bio-pharmaceuticals and healthcare products, which have a large market cap,

In November of last year, it exceeded 800 lines in about 10 years, and it exceeded 900 line in the middle of last month for 16 years last month.

The KOSDAQ index, which rose to the 920 mark at the end of last month, was lower than the 900 mark on the 2nd, but experts predicted that there is more upside.

Labor Gill Shinhan Financial Investment & Research Institute suggested that the Kosdaq index would rise further this year, with the upper range of the index expected to be 1,200.

We raised the upper 850 of the forecast at the end of last year to 1,100 last month, and raised it 100 points again.

"The index can go up to 1,200 when considering various factors such as the rate of increase in the past rally, relative strength to the KOSPI, and the correlation coefficient between KOSDAQ and the KOSDAQ," said KNO. 

"We believe strong earnings momentum, , And the base effect from the Sad issue will have an impact throughout the year. "

Lee Kyeong-min, a researcher at Daehan Securities, said, "The KOSDAQ market is expected to reach 1,000 thanks to policy expectations, pharmaceuticals and biotech." However, once KOSDAQ exceeded 900, pharmaceutical and bio.