Powell & # 39; pigeon & # 39; note before the KOSPI in a month for 2,110 units



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The KOSPI returned to 2110 for the fourth consecutive month on the eve of statements by US Federal Reserve Chairman Jerome Powell.

KOSPI closed at 2,114.10, up 5.88 points (0.28%) over the previous trading day.

This was the highest price recorded in a month, after 2,161.71 on the 22nd of last month.

The index jumped 25.73 points (1.22%) to 2,133.95, to reach 2,136.74 points at one point in the session.

In the securities market, foreign investors bought 329.9 billion KRW. In contrast, individuals sold 271.3 billion won of net sales and agencies, 55.2 billion won.

Powell said in a speech delivered in front of the "Economic Club" in New York on Friday August 28 that the current level of interest rates was "just below" the neutral rate, that worked amicably.

"The KOSPI has risen because of the rise in the US stock market," said Seo Sang-young, researcher at Kiwoom Securities, "the dollar has weakened and foreign investors have made positive net purchases."

However, the increase was limited due to the "trade-related speculation burden between the US and China and the downward revision of the global semiconductor market forecast for the year. next. "

Financial group Shinhan Financial Group (1.57%), POSCO (1.46%), SK Corp. (1.44%) and NAVER (1.16%), KEPCO (-1.30%), Hyundai Motor (-0.99%). -0.56%). Samsung Electronics was closed.

The KOSDAQ index closed at 6.95.48, down 4.64 points (0.66%) from the battlefield.

The index rose 9.57 points, or 1.37%, to 709.69, but was downgraded.

In the KOSDAQ market, institutions and foreigners sold respectively 61.2 billion KRW and 8.4 billion KRW. Individuals bought 76.8 billion won.

Celltrion Healthcare (-2.50%), Shinrajen (-2.62%), POSCO Chemtech (-1.45%), HLB (-1.53%), Viromed (-1.41%) and Studio Dragon. Most of them have fallen. CJ ENM (2.01%) was the only stock to rank among the top 10 on the market.

(Yonhap News)

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