Input 2021.01.20 09:07
At 9:01 am on this day, the KOSPI index opened at 3133.57, up 40.91 points (1.32%) compared to the previous trading day. As a result, the KOSPI index again crossed the 3130 line during the week. At the same time, the KOSDAQ index started at 959.52, up 1.77 points (0.18%) compared to the previous trading day.
This is interpreted as the effect that the major indexes of the New York Stock Market rose last night on the back of the confirmation of US Treasury Secretary Janet Yellen’s willingness to boost the economy. On the 19th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average rose 0.38%, the Standard & Poor’s 500 index 0.81%, and the Nasdaq index 1.53%.
The market paid attention to the approval hearing of the nominee Yellen, economic indicators such as China’s growth rate, and the performance of major companies. At the Senate Financial Committee approval hearing, Nominee Yellen reaffirmed his willingness to boost the economy through active fiscal expenditures, supporting investment sentiment for risky assets in general. He also said that now, rather than worrying about the fiscal deficit, it is necessary to actively support the economy to recover. Nominee Yellen argued that insufficient use of stimulus would be more financially negative in the long run.
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