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KOSPI Spikes after OPEC Agreement

Written: 2016-09-29 15:49:26Updated: 2016-09-29 16:30:08

The benchmark Korea Composite Stock Price Index(KOSPI) shot up on Thursday as investors cheered the deal struck by OPEC nations to cut crude output as part of efforts to ease an oversupply of oil.

The main index rallied 15-point-66 points, or zero-point-76 percent, to close at two-thousand-68-point-72.

The secondary KOSDAQ gained three-point-07 points, or zero-point-45 percent, to 689-point-83.
 
On the foreign exchange market, the local currency depreciated two won against the greenback to one-thousand-98-point-eight won.

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