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KOSPI Shoots up as Samsung Shares Hit All-time High

Written: 2016-08-18 15:53:37Updated: 2016-08-18 15:53:47

The benchmark Korea Composite Stock Price Index(KOSPI) rose on Thursday thanks to eased jitters over a possible U.S. rate hike and as shares of Samsung Electronics climbed to an all-time high.

The main index jumped eleven-point-72 points, or zero-point-57 percent, to close at two-thousand-55-point-47, marking a fresh new high for the year.

The secondary KOSDAQ rose three-point-26 points, or zero-point-47 percent, to 696-point-93.

On the foreign exchange market, the value of the local currency strengthened one-point-one won against the greenback to one-thousand-107-point-two won.

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