[Asia Economy Reporter Ji Yeon-jin] The KOSPI's return in the second half of this year was the lowest among the major countries' representative stock indices.
According to the Korea Exchange on the 22nd, the KOSPI closed down 156.17 points from 3,296.68 at the end of June to 3,140.51 on the 17th. The second half growth rate was -4.74%.
The KOSPI's second half growth rate was the lowest compared to the representative indices of the Group of Seven (G7) countries. As of the 17th, among the G7, only Germany's DAX and the UK's FTSE indices fell compared to the end of June. The decline rates for these indices were only 0.26% and 1.05%, respectively.
Compared to Italy's FTSEMIB, which showed the highest growth rate of 12.61% in the second half among the G7, the KOSPI lagged by more than 17 percentage points. Japan's Nikkei index also rose by 5.93%.
The U.S. Nasdaq and Standard & Poor's (S&P) 500 indices also increased by 3.72% and 3.15%, respectively. The average growth rate of the G7 indices and the KOSPI in the second half was 2.15%, which is lower than the first half average growth rate of 12.14%, but the KOSPI fell far short of the average.
Even when compared to the representative indices of the Group of Twenty (G20) countries, the KOSPI's second half growth rate was among the lowest. The only countries with lower growth rates than the KOSPI were South Africa (-5.91%) and Brazil (-12.12%).
The KOSPI rose 423.21 points from 2,873.47 at the end of last year to 3,296.68 at the end of June, recording a growth rate of 14.73%. This was among the top ranks among major countries. Among the G7 countries, only France's CAC (+17.23%) and Canada's SP/TSX index (+15.67%) had higher returns than the KOSPI.
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