Securities Firm Predicts KOSPI to Top 3,000 Next Year

Write : 2017-11-14 16:48:16 Update : 2017-11-14 16:53:47

Securities Firm Predicts KOSPI to Top 3,000 Next Year

A local securities firm forecasts the benchmark Korea Composite Stock Price Index(KOSPI) could possibly surge above three thousand next year. 
KB Securities said Tuesday the KOSPI could rise to three-thousand-60 points in 2018. The company said the current economic situation is very similar to the booming year of 1986 and predicted the generally bullish trend in the stock market will continue next year.
KB also said that next year will be marked by a weak dollar and strong Chinese yuan that can spur global funds into emerging markets. It also cited weak global oil prices which will be more favorable to emerging manufacturing economies rather than developing countries rich in natural resources.
In a separate report, the securities firm also forecast the tech-heavy KOSDAQ could reach the one-thousand mark next year. 
An analyst at KB cited government support for start-up ventures and pension funds' plan to expand investment in the secondary bourse as reasons for this projection.

  • RSS
  • Facebook
  • Twitter
  • print
  • list
  • Top
prev  prev  1 2 3 4 5 6 7 8 9 10 next
Internet Radio On-Air Window to KBS WORLD Radio Window to KOREA
2018 Inter-Korean Summit
North Korea Inside
청취자 만족도 조사 결과 -E
Let's Learn Korean (Mobile)
More Service
KBS World Radio Mobile
  • KBS World Radio Mobile
  • The new app consolidates KBS World Radio’s news and feature contents with services previously provided through separate apps...


1 / 4