Kospi correction likely to be short-lived, upward momentum still intact: analysts
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
The Kospi finished Monday 2.7 percent higher at 3,056.53 and Kosdaq 3 percent at 956.92.
“A correction within 10 percent is not significant to turn the tide, and the benchmarks will likely reach previous peaks within three months,” said Choi Seok-won, the head of research team at SK Securities.
Samsung Securities’ Yoo Seung-min also said that the current correction does not mean a long-term downward trend of the Kospi. Once the temporary market frenzy caused by GameStop is eased, local stock market would rebound by narrowing its gap with the real economy, he added.
Market experts project the economic recovery and strong performance of businesses to buttress the Kospi in the longer run.
A Kospi in the range of 2,800 to 3,200 is desirable for a breather from the almost uninterrupted rally since the year-end, and investors don’t need to worry unless the Kospi falls below 2,800, according to Choi.
Seol Tae-hyun from DB Financial Investment said the sound preliminary earnings of key companies have eased the burden of the high valuation and projected profitability of major firms including chipmakers and automakers could recover to the level of 2018.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Daesung Eltec up for sale, shares fly by daily 30% limit - Pulse by Maeil Business News Korea
- Pandemic cuts Korea’s air traffic 59% and duty-free sales 38% in 2020 - Pulse by Maeil Business News Korea
- ‘Electros’ may become the new name for SK Wyverns under Emart parent - Pulse by Maeil Business News Korea
- Korea’s big 3 battery makers take up nearly 35% in EV market in 2020 - Pulse by Maeil Business News Korea
- S. Korean retail investors offload nearly $54 mn in U.S. GameStop stock on Fri - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- AI가 실시간으로 가격도 바꾼다…아마존·우버 성공 뒤엔 ‘다이내믹 프라이싱’
- 서예지, 12월 29일 데뷔 11년 만에 첫 단독 팬미팅 개최 [공식] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이