South Korean Stock Index Approaches 52-Week High

The Korea Composite Stock Price Index, or the KOSPI, had another strong showing during Friday trading in Seoul, with the index opening well above yesterday's closing level.

However, after the market opened, Korean share prices began to fall. The KOSPI lost all of its gains before an afternoon rally sent stock prices back up.

The KOSPI ended the day up 7.00 points, or 0.36%, at 1,957.26.

The day's range for the KOSPI was between 1,948.51 and 1,960.61.

The index of Korean stocks is approaching its 52-week high of 1,976.46.

Investors who would like to invest in South Korean equities might want to consider the iShares MSCI South Korea Index (NYSE: EWY), which seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the South Korean markets, as measured by the MSCI South Korea index.

Read more from Benzinga's ETF news.