South Korean stocks had their best year in more than a decade in 2020. Here's what drove them higher

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

New for subscribers: South Korean stocks had their best year in more than a decade in 2020. Here's what drove them higher. Check out CNBCPro today.

) rose 38.4% in 2020, outperforming most developed and emerging markets. The ETF's year-to-date gains top those of other widely followed emerging markets as well as the S&P 500 in the U.S.

South Korea's strong equity market returns came as the country's health response to the coronavirus pandemic — along with fiscal and monetary stimulus measures already in place — kept its economy from missing a beat for most of 2020. "In South Korea, you have this combination of good health public policy together with plenty of [economic] policy support," said Mehran Nakhjavani, partner and emerging market strategist at MRB Partners. "The timing of it all was fortuitous."

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie