Korea’s Kosdaq Tops 1,000 for First Time Since Dot-Com Bubble
- Kosdaq market cap hits record of $361 billion on retail frenzy
- Heavy biotech weight makes Kosdaq expensive, says J&J CIO
This article is for subscribers only.
South Korea’s retail-investor-dominated Kosdaq rose above the 1,000 level for the first time since the height of the dot-com bubble.
The small-cap focused gauge, which has become even more of an individual-investor playground during the pandemic, rose as much as 0.8% in Seoul on Tuesday and briefly touched 1,007. That’s the highest level hit by Korea’s equivalent to the Nasdaq since Sept. 2000, when the measure was in the middle of a crash from its all-time high.