# Kospi briefly touches record high for 2020 on foreign buying spree - The Korea Herald

> The Kospi briefly reached its highest level of 2020, closing at 2,267.01, as foreign investors bought shares for a fifth straight session. The gains followed the US Federal Reserve's decision to keep rates steady and tech and automaker stock interest. The Bank of Korea and Fed also agreed to extend a $60 billion swap line.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/52336-kospi-briefly-touches-record-high-for-2020-on-foreign-buying-spree-the-korea
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Equity inflows and a firmer market do not directly move feed commodity prices. The story is a general market and currency update with little supply or demand impact on feed buyers.

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2381107

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