Menu Content
Go Top

Economy

S. Korea Top in Stock, Currency Gains This Year

Written: 2017-06-17 12:57:21Updated: 2017-06-17 13:33:28

S. Korea Top in Stock, Currency Gains This Year

Anchor: South Korean share prices posted the steepest growth among major economies this year. The won-dollar exchange rate recorded one of the sharpest drops among major currencies during this period. 
Bruce Harrison has more.

Report: The South Korean benchmark stock index posted the steepest growth among major economies this year.
 
The Korea Composite Stock Price Index (KOSPI) on Friday closed the week at two-thousand-361-point-83.
 
That's about 16-point-five percent higher from late last year.
 
According to the Korea Center for International Finance, which compared stock values of advanced economies as of Thursday, Indian share prices grew 16-point-seven percent during that period.
 
The Philippines trailed South Korea at 16-point-four percent followed by Hong Kong, Vietnam and Germany.
 
The U.S. Dow Jones Industrial Average gained just over eight percent this year.
 
The U.S. NASDAQ gained 14-point-five percent this year, and the S&P 500 gained eight-point-six percent.
 
Korea's tech-savvy KOSDAQ rose six-point-one percent during the same period. 
 
On the foreign exchange market, the value of the local currency strengthened by more than six percent against the U.S. dollar.
 
That's nearly the highest rise among major currencies so far this year. 
 
The U.S. dollar has been weak since Donald Trump took office, boosting the relative value of other currencies. 
Kim Soyon, KBS World Radio News.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >