'Expectation for vaccine and economic recovery' for the first time in the history of the KOSPI exceeded the 2,700 line

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Although the game is difficult due to the spread of Corona, the Kospi has crossed the 2,700 line for the first time ever.

Foreigners are increasing their investment as the value of the won is rising rapidly.

This is reporter Jeon Hyeong-woo.

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stock market, expectations for vaccine development and economic recovery were ahead of the fear of the corona spread.

After a record high for 4 days in a row, the KOSPI rose 1.31%, crossing the 2,700 line for the first time.

The Kospi, which fell to the 1,400 level in March in the aftermath of Corona 19, surpassed 2,600 last week, and broke the 2,700 level in 9 trading days.

Foreign investors led the index by net buying more than KRW 760 billion, mainly in the semiconductor and pharmaceutical industries.

The won/dollar exchange rate fell close to 15 won and ended at 1,082.1 won.

It has fallen by more than 24 won over the last 4 days, the lowest since June 2018.

Expectations for the coronavirus vaccine and US President-elect Biden's stimulus package came into play.

[Tae-yoon Seong/Professor, Department of Economics, Yonsei University: Since the inauguration of the Biden administration, the improvement of the trade environment due to the expansion of multilateralism and the expansion of economic demand due to the implementation of Korea's fiscal policy are leading the overall strength of the won.]

In the strong won phase, foreign investors who can expect foreign exchange gains will increase their investment in domestic stocks, and this buying trend will lead to the won's strength again.

The opinion prevails that the weak dollar, or the strong won, is likely to continue for the time being.

- or yes / Korea Investment & Securities chief researcher (you) When you say the recovery speed of the game relatively quickly up the policy stance of governments change came then, is likely to have little directionality result in changes]

strong won export business Although it may have a negative impact on price competitiveness, there are many analyzes that the impact will not be as significant as domestic companies' technological competitiveness has increased.