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KOSPI, KOSDAQ Jump on First Day of Trading After Chuseok

Written: 2016-09-19 15:44:10Updated: 2016-09-19 17:15:17

KOSPI, KOSDAQ Jump on First Day of Trading After Chuseok

The benchmark Korea Composite Stock Price Index(KOSPI) rallied on the first day of trading on Monday after markets were closed for the Chuseok holiday last Wednesday, Thursday and Friday.

The main index advanced 16-point-42 points, or zero-point-82 percent, to close at two-thousand-15-point-78 due to eased concerns over a possible rate hike in the U.S.

The tech-heavy KOSDAQ jumped six-point-49 points, or zero-point-98 percent, to close at 666-point-64.
 
On the foreign exchange market, the value of the local currency strengthened zero-point-seven won against the U.S. dollar to one-thousand-118-point-one won.

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