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KOSPI, KOSDAQ Inch Up on ECB Stimulus Announcement

Written: 2016-03-11 15:25:11Updated: 2016-03-11 15:56:51

KOSPI, KOSDAQ Inch Up on ECB Stimulus Announcement

The benchmark Korea Composite Stock Price Index(KOSPI) surpassed one-thousand-970 points for the first time this year on Friday.

Nudged by the European Central Bank(ECB)'s stimulus measures announced on Thursday, the main index added two-point-08 points, or zero-point-11 percent to close at one-thousand-971-point-41.

The tech-heavy KOSDAQ advanced one-point-57 points, or zero-point-23 percent, to 689-point-17.

On the foreign exchange market, the value of the local currency strengthened ten-point-four won against the U.S. dollar to one-thousand-193-point-one won.

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