Core Viewpoint - The KOSPI index in South Korea has returned to the 3000-point mark for the first time since early 2022, driven by expectations of increased government fiscal stimulus and strong performance from blue-chip stocks [1][3]. Group 1: Market Performance - As of June 20, the KOSPI index rose by 33.16 points, or 1.11%, reaching 3,010.90 points, with a weekly increase of 4.02% and a year-to-date gain of 25.2% [1]. - Over the past 30 trading days, the KOSPI index has rebounded by more than 16%, outperforming major Asian markets including Japan and India [1]. Group 2: Investor Sentiment - The liquidity in the South Korean market remains positive, with the Korean won stabilizing, which has enhanced foreign investors' risk appetite [2]. - On the day of reporting, foreign investors net purchased KOSPI stocks worth 811 billion KRW, indicating a renewed interest in Korean assets [2]. Group 3: Fiscal Stimulus - The South Korean government has approved an additional budget plan totaling 14.9 trillion KRW (approximately 786 billion RMB), aimed at supporting the economy amid weakening growth [3]. - The budget includes various counter-cyclical measures such as cash subsidies for residents and financial restructuring support for struggling SMEs and builders [3]. Group 4: Economic Outlook - The South Korean economy is facing challenges, with actual GDP growth hovering around zero for four consecutive quarters, and construction investment remaining sluggish [3]. - The government plans to finance the budget through the issuance of 19.8 trillion KRW in new debt, while maintaining that the fiscal fundamentals remain sound [3]. Group 5: Market Projections - Analysts believe that there is still room for further fiscal expansion and monetary easing, which could support the KOSPI in the future [4]. - The current valuation of Korean stocks is considered low, with about 70% of KOSPI constituents having a price-to-book ratio below 1, indicating significant revaluation potential [5].
重返3000点!韩国KOSPI指数站上两年半新高,后市怎么走
Di Yi Cai Jing·2025-06-20 07:26