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KOSPI, KOSDAQ Jump on Weak Yen

Written: 2016-05-10 15:54:09Updated: 2016-05-10 16:44:25

KOSPI, KOSDAQ Jump on Weak Yen

The benchmark Korea Composite Stock Price Index(KOSPI) jumped on Tuesday after China's Cabinet approved measures to boost exports and the Japanese yen weakened against the U.S. dollar.

The main index climbed 14-point-69 points, or zero-point-75 percent, closing at one-thousand-982-point-five.

The tech-heavy KOSDAQ also advanced eight-point-41 points, or one-point-22 percent, to 700-point-23.

On the foreign exchange market, the value of the local currency weakened six-point-eight won against the greenback to one-thousand-172-point-six won.

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