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KOSPI Binary Options
As well as trading stocks, commodities and currencies, binary options traders have access to a number of indices from around the world. The Korean Composite Stock Price Index (KOSPI) (코스피지수) represents all of the common stock on the stock exchange. Originally it consisted of only the top 30 in a Dow Jones style index. The index is calculated through market capitalization.
This index is interesting in that it factors in all companies rather than a selection. Other indices like the FTSE 100, CAC 40, DAX 30 and so on are limited to the top companies.
The index is a good measure of the performance of the South Korean economy. With emerging markets, such as South Korea, gaining ever more importance in the world economy traders are increasing their interest in these geographical areas. The KOSPI now trades millions of shares a day and represents a good volume, volatile asset through which binary options traders can generate profits.
Some of the biggest companies making up the KOSPI are:
Samsung Electronics (005930), Korean Electric Power (015760), POSCO (005490), Hyundai Motor (005380), Kia Motors (000270), Hyundai Mobis (012330), LG Chemical (051910), Samsung Life Insurance (032830), Hyundai Heavy Industries (009540) and Shinhan Financial Group (055550).
Binary option brokers that have a particular affinity for Korean companies will often choose this index in order to diversify the assets on which they are trading. A strong Korean economy will mean bullish trends in the KOSPI, so traders should look for indications of positivity from politics and economic indicators. Naturally, the index is also heavily correlated with the DOW Jones and the rest of the world economy.
Are you interested in trading binary options on the KOSPI “asset”?
Below is a list of great internet trading platforms where you can find KOSPI binary options:
All the brokers` review you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any binary broker from our list you will get an excellent trading experience. More over, you can easily find binary options videos together with other various education materials almost in every broker. We hope that binary options trading will become a new interesting and captivating activity that will bring you high payouts.
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