South Korean Stocks Rise 0.55%, Approach 52-Week High

The Korea Composite Stock Price Index, or the KOSPI, rebounded from a fall the previous trading day that followed a Christmas Day interest rate hike by China.

The Korea Composite Stock Price Index opened at 2,028.41, which was above the previous day's close at 2,022.19.

The Korea Composite Stock Price Index opened in positive territory and remained there for the rest of the day.

The KOSPI ended the Tuesday trading session up 11.13 points, or 0.55%, at 2,033.32.

The KOSPI moved in a range between 2,026.57 and 2,041.83, which was less than 4 points away from its 52-week high of 2,045.39.

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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