Shares of KOSPI Communication Index (KRX:KOSPI.20) last traded at 374.94, representing a move of 0.54%, or 2 per share, on volume of shares. After opening the trading day at 372.58, shares of KOSPI Communication Index traded in a close range. KOSPI Communication Index currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0 and high of 0.

How KOSPI Transforms South Korea Into A Global Leader

One of the leading economies backing the immense growth of the Asian economy is that of South Korea. The country has long been proven itself as a valuable asset in driving growth and maximizing potentials in the long run. It is not easy for companies to get there, but as KOSPI Communication Index shows it is possible. Its rich and healthy equity market is only one of the many proofs of South Korea’s capabilities.

About the KOSPI

The Korea Composite Stock Price Index (KOSPI) is the benchmark, market-capitalization-weighted index in South Korea. KOSPI Communication Index is inside KOSPI register. First published in 1983, it has replaced the Korea Composite Stock Price Index (KCSPI), which was like the Dow Jones Industrial Average (DJIA) of the US equity market.

The KOSPI has a base value of 100 points— the base date being January 4, 1980. It measures companies listed on the Stock Market Division of the Korea Exchange (KRX) based on market capitalization. The KRX is one of the biggest stock exchanges in Asia, boasting with a total market capitalization of $1.20 trillion as of January 2015.

With hundreds of components, the KOSPI had to be divided into several, smaller sub-indices to provide a clearer real-time representation of the South Korean equity market. These sub-indices include the KOSPI 200, which tracks the top 200 companies on the Stock Market Division of the KRX; the KOSPI 100, which tracks the top 100 companies; and the KOSPI 50, which tracks the top 50 companies. Because of its broad nature, the KOSPI 200, which represents about 70% of the total market capitalization on the Stock Market Division of the KRX, shares the same movement with the KOSPI at most times.

Perfect liquidity made it easier for KOSPI Communication Index to get there. A stock needs to be included in the KOSPI 200 before becoming eligible for inclusion in the KOSPI 100. Similarly, it needs to be included in the KOSPI 100 before becoming eligible for inclusion in the KOSPI 50.

KOSPI Performance

The KOSPI had posted its biggest one-day gain of 8.50% or 23.81 points on June 17, 1998. This is largely attributed to the recovery of the Asian economy following the massive financial crisis that had begun in Thailand.

Meanwhile, the KOSPI had posted its biggest one-day decline of 12.02% or 64.97 points on September 12, 2001. This is widely attributed to the bombing of the twin towers in the US on September 11, 2001, a tragedy that had affected the global economy by causing widespread panic among investors.

The KOSPI holds an all-time low of 93.10 points, which was last seen in January 1981; and an all-time high of 2,228.98 points, which was last seen in May 2011. It had first hit the 2,000-point mark on July 24, 2007, a year before the 2008 Global Financial Crisis broke out.

In 2014, Asia had accounted for about 24% of global financial wealth. In five years time from then, the region is anticipated to represent 26% of global financial wealth. Investing in the healthy South Korean equity market is likely healthy for investors. By doing so, they can expect to reap gains from the Asian economy bloom. They can also check the benefits of KOSPI Communication Index.

More notable recent KOSPI Communication Index (KRX:KOSPI.20) news were published by: Reuters.com which released: “Korea Exchange says it checking Merrill Lynch trades because of public concerns – Reuters” on August 20, 2018, also Marketwatch.com with their article: “Asian markets mostly rise, as Nikkei logs 5th straight gain – MarketWatch” published on September 20, 2018, Reuters.com published: “Trading in Samsung Electronics shares surges after stock split – Reuters” on May 04, 2018. More interesting news about KOSPI Communication Index (KRX:KOSPI.20) were released by: Reuters.com and their article: “Trading in Samsung Elec to be halted for three days before stock split – Korea Exchange – Reuters” published on March 12, 2018 as well as Marketwatch.com‘s news article titled: “Asian markets lot more losses as recession and trade-war fears weigh – MarketWatch” with publication date: December 21, 2018.