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KOSPI Rebounds After 6-Day Losing Streak

Written: 2017-04-12 16:48:40Updated: 2017-04-12 19:06:24

KOSPI Rebounds After 6-Day Losing Streak

Korean stocks rebounded on Wednesday ending a six-day losing streak as rumors of a U.S. strike against North Korea have been reported to be false.
 
However, the rise was limited due to lingering uncertainties surrounding the Korean Peninsula and the possibility of an additional U.S. strike against Syria.
 
The benchmark Korea Composite Stock Price Index(KOSPI) rose five-point-06 points, or point-24 percent, to close at two-thousand-128-point-91.
 
Foreigners bought a net 67-point-three billion won worth of Korean shares, and individual investors bought 26-point-four billion won.
 
The tech-heavy KOSDAQ fell point-19 point, or point-03 percent, to close at 621-point-45.
 
On the foreign exchange market, the value of the local currency rose four-point-four won against the U.S. dollar, closing at one-thousand-141-point-four won.
 

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