South Korean Stocks Climb Towards 52-Week High

The Korea Composite Stock Price Index, or the KOSPI, which has been approaching its 52-week high of 1,976.46, moved closer to the 52-week high during the Tuesday trading session in Seoul.

Just after the market opened, the index of Korean stocks dipped before climbing higher.

The index began to fall again, nearly reaching the previous day's closing level of 1,953.64 before climbing higher for the remainder of the day.

The KOSPI ended Tuesday up 8.88 points, or 0.45%, at 1,962.52.

The day's range for the KOSPI was between 1,952.56 and 1,964.64.

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.

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