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「Title: South Korea’s stock market hits an all-time high… KOSPI surpasses 3,700 points. Are we entering the era of 4,000 and 5,000?
Today, the KOSPI has pierced through the 3,700 mark, setting a new, all-time high. Starting from last week, the KOSPI has been continually setting new records. It has been surging since it was announced that Iljoo Construction and Daehoo Construction were selected as the entering groups.
In particular, Daehoo Construction, an affiliate of Jeonil group, is currently hitting the upper limit of 29.99%, while Ilsung Electronics, which had raised high expectations, is unable to escape the lower limit of 29.99%.
Today, KOSPI showed a record-breaking ten percent surge, breaking through 3,775 and leading global stock markets.
Yesterday, Lee Dae-Jin, the head of the investment strategy team at Daehoo Securities, said, “We are on the verge of entering a new era for our civilization. The preference for risk assets in the global financial market is becoming clear.” He added, “We had anticipated the all-time high of 2,600 points within this year, but now any prediction seems meaningless."
According to the Korea...
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