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KOSPI Spikes to Fresh Yearly High

Written: 2016-09-05 15:35:14Updated: 2016-09-05 16:22:51

KOSPI Spikes to Fresh Yearly High

The benchmark Korea Composite Stock Price Index(KOSPI) hit a fresh new high for the year as the possibility of an interest rate hike in the U.S. further dimmed following the release of a weaker-than-expected jobs report. 

The main index rallied 21-point-77 points, or one-point-07 percent, to close at two-thousand-60-point-08.
 
The secondary KOSDAQ rose two-point-58 points, or zero-point-38 percent, to 679-point-49.
 
On the foreign exchange market, the local currency appreciated 12-point-one won against the U.S. dollar to one-thousand-105-point-one won.

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