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KOSPI, KOSDAQ Close the Week in Negative Territory

Written: 2016-11-18 16:15:09Updated: 2016-12-07 09:37:18

The benchmark Korea Composite Stock Price Index(KOSPI) on Friday lost five-point-97 points, or zero-point-three percent, to close at one-thousand-974-point-58, after U.S. Federal Reserve Chair Janet Yellen hinted that interest rates may be raised soon.

The tech-heavy KOSDAQ dropped seven-point-five points, or one-point-19 percent, to 620-point-26.
 
On the foreign exchange market, the local currency depreciated seven-point-three won against the greenback to one-thousand-183-point-two won.

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