South Korea’s KOSDAQ, a smaller stock index, has shown remarkable performance, ranking second globally in the past month after the country’s main KOSPI index. The KOSDAQ surged by 16.45% from 949.81 points on January 13 to 1,106.08 points on Friday, outperforming major indexes like Nasdaq and S&P 500.
Following closely behind KOSDAQ were Thailand’s SET and Turkey’s ISE-100 indexes, which saw increases of 16.05% and 15.71% respectively during the same period. In contrast, the Nasdaq fell by 4.79% and the S&P 500 dropped by 2.07% over the one-month timeframe.
The KOSPI, South Korea’s primary stock index, led the global market with a significant 19.07% surge during the mentioned period. Analysts attribute KOSDAQ’s success to investments in exchange-traded funds (ETFs) and government initiatives aimed at boosting the secondary market.
The South Korean government has introduced various measures to enhance the venture-focused KOSDAQ, including plans to increase public investments and tighten delisting regulations. Additionally, a legislative proposal aims to establish the KOSDAQ market as an independent entity, mirroring the structure of Nasdaq in the U.S.
