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2017 Stock Market Closed for the Year

15:31 December 29, 2017 replay time01:49

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[Anchor]

The stock market has concluded its transactions for the year as of Dec. 28.

There were several crises, such as provocations from North Korea, but the domestic stock market this year exhibited noteworthy growth with the KOSPI resetting its record and passing the 2,500 mark.

Jeong Joo-hee will go over the domestic stock market for this year.

[Reporter]

It is the last day for the stock market in 2017, and both KOSPI and KOSDAQ closed with gains.

KOSPI closed its market at 2,469.49, which was a 30-point increase, and KOSDAQ closed at 798.42 at a 0.82 percent increase setting a record high for the year.

This year, KOSPI escaped its disgrace as being trapped in a box pattern by setting a new high maximum value.

KOSPI reset its record maximum value in May for the first time in six years and climbed above 2,300 on the day of President Moon Jae-in’s inauguration and continued to rise up to 2,550 last month.

The rise within KOSPI was led by the IT industry performing strong behind the largest semiconductor exports by companies, such as Samsung Electronics and SK hynix.

Samsung Electronics increased by more than 1 million won in share price and set an unprecedented record of 2.86 million won price per share, while SK hynix doubled by going from 45,000 won to 89,000 won in price per share.

The KOSDAQ also began to rise due to the entrepreneurship and venture company support policies from the government and reached 800 for the first time in 10 years.

Experts project that the global economic recovery will continue next year, and the stock markets will continue to rise.

However, there are concerns regarding the semiconductor industry, and there are still many variables as there are still geopolitical risks, such as provocations from North Korea with missiles and such.

The domestic stock market and the foreign exchange market will close for a day on Dec. 29 and begin their first transactions the following year on Jan. 2 at 10 a.m., which is 1 hour later than the normal opening hours.

Jeong Joo-hee reporting for Yonhap News TV.

Yonhap News TV: 02-398-4441 (Inquiry on article/Report) KakaoTalk/LINE jebo23

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