# Kospi hits another fresh high on final trading session of 2020 - The Korea Herald

> The Kospi closed at 2,873.47 on December 30, up 1.88%, to a fresh high driven by chip-sector expectations and net buying from foreign and institutional investors. The index gained about 97% from its March low.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/49895-kospi-hits-another-fresh-high-on-final-trading-session-of-2020-the-korea-herald
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

This equity rally reflects risk-on sentiment that tends to weaken the dollar and support emerging-market currencies, with limited direct effect on feed commodity prices.

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2525240

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.