On the 20th, the KOSPI broke through the 3,800 level, setting another all-time high. The index, which has been on a steep rise since early this month, is believed to have refreshed its record amid easing trade tensions between the United States and China. Brokerages are raising their year-end KOSPI band, lending weight to the possibility of "Sacheonpi" (KOSPI 4,000).
That day, the KOSPI closed at 3,814.69, up 65.80 points from the previous session. The index opened at 3,775.40, up 26.51 points (0.71%), then quickly turned lower to 3,728.38, before rebounding and extending gains to hit 3,814.69. It surpassed the all-time high of 3,794.87 set on the 17th, the previous session.
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