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KOSPI Hits All-Time High at 2,241.24

Written: 2017-05-04 16:16:29Updated: 2017-05-04 16:51:17

KOSPI Hits All-Time High at 2,241.24

The benchmark Korea Composite Stock Price Index(KOSPI) wrote new history on Thursday, hitting all-time highs for intraday trading and closing price for the first time in six years. 
 
The KOSPI rose 21-point-57 points, or point-97 percent, to close at two-thousand-241-point-24, more than 12 points higher than the previous closing record set on May second 2011. 
 
Thursday's closing price was even higher than the record intraday high of two-thousand-231-point-94 posted on April 26th the same year. 
 
The KOSPI began trading Thursday at two-thousand-224-point-91, up five-point-24 points from the previous day and ended trading at an all-time high helped by large-scale foreign buying and a record-breaking streak of market bellwether Samsung Electronics.
 
The tech-heavy KOSDAQ also rose eight-point-68 points, or one-point-39 percent, to close at 635-point-11.
 
On the foreign exchange market, the value of the local currency weakened two-point-two won against the U.S. dollar, closing at one-thousand-132-point-seven won.

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