[Korea hyerin nine financial newspaper reporter] that day KOSPI fell slightly turned to the upward trend in the first trading days. Current index broke through 2170 and renewed lines of the year highs. Keynote want to be net buyers of foreign investors recently built the illustrious ball on the Kospi are gathering interest keeps rising.
21:00 40 minutes at 10 current Kospi is currently trading around record compared to 18.74 points (0.87%) Right 2175.75. This cleared the ground yearly high established last 17 days.
One recent background of rising KOSPI There are many political and social causes coexist, the rating is buying from foreign investors has contributed most significantly. Currently foreigners are net buyers for around 98.2 billion won. Yesterday, the foreign party turned into 'ol' the 11 trading days ended the "Buy Korea" is colorless matrix is evaluated.
Eugene Investment & Securities seoboik researchers analyzed valuation, exchange rate pressures, industry momentum of the domestic stock market will favorably act on the Foreign net buying. Is still too early View 'by Korea' keynote is over, it is meaningless.
Standing researchers' Korea this year as fundamentals, the stock market valuation is also attractive due to high expected no burden on foreign investment in entrance "he said.
In addition, he explained that there is a need to focus on more positive point that the KOSPI continues and profit forecasts revised up. He 'year-end closing above the net income of 100 trillion in 2016 and are among the first-ever, expected net profit this year confirmed the lasting stability is becoming stronger earnings momentum to 126 trillion won 24.8% higher year-on-year, he said.
Downward pressure on the current W / US $ exchange rate is favorable conjuncture on foreign investors. Standing researchers said "Historically, since 2012, foreign investors in the KOSPI showed a trend of net short positions in net purchases, 1,100 won mid longer in the won / dollar rate 1100 KRW mid-less ',' investment strategies depending on the period exchange rate volatility and outlook but may vary, downward pressure on the high level of 1130 won the won / dollar exchange rate at the moment is favorable to exchange strategies of foreign investors' he said.
In other words, since the downward pressure on the high state until 1100 won won dollar exchange rate, and foreign net buying stance is rated rea progress further. He dove tendencies, the dollar because of the financial policy of the ECB about $ favor easing weakens, the government is currently engaged with Trump appeared in the US in March FOMC meeting explained that for the time being expected weak. In addition, the financial authorities in April is a difficult situation report released ahead of the rate exchange market intervention by the US Treasury.
Foreign market capitalization weight viscosity that is typically looked at the enlarged sector is also evident that earnings will hit a number of additional inflows. Number of foreigners entering the steel sector representatives, banking, chemicals, pharmaceuticals, telecommunications, electronics, and finance.
Standing researchers said "the industry indicate similar flow and high improvement of the operating profit forecast for year-to-date is also the industry, '' noteworthy KOSPI overall profit outlook is strong even among the, year to date to improve OP showing a strong industry adding that passage is increased.
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