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Composite index rebounds to 606

Posted September. 20, 2000 20:38,   


Getting a boost from foreign investors, the Korea Stock Exchange's composite index rebounded 34 points to recover to the 600 level.

The stock market bounced back by 34.91 points on Wednesday to record 606.08, reaching the 600 level for the first time since Sept. 15, as buy orders actively formed in all sectors of business.

The news of semiconductor shares sharply rebounding in NASDAQ, investors¡¯ anticipation of technological shares regaining strength and President Kim Dae-Jung's order to the cabinet for stability in the stock market all worked in favor of the composite index, which fell consecutively for 9 days before Tuesday.

Foreign investors bought 250.6 billion won worth of shares, ending their 6-day selling streak.

The KOSDAQ index also rose by 3.01%, to end at 87.23, thanks to the rise in share prices in the KSE.

Lee Kang-Woon kwoon90@donga.com