Economy
KOSPI Again Posts New High on Monday
Written: 2017-07-17 16:02:55 / Updated: 2017-07-17 16:44:33
The benchmark Korea Composite Stock Price Index(KOSPI) again hit a new high on Monday.
KOSPI surged ten-point-47 points, or point-43 percent, to close the day at two-thousand-425-point-10, breaking the previous high posted just last Friday.
The index began trading at two-thousand-427-point-76, or 13-point-13 points or point-54 percent higher than last Friday. At one point during the day, the index surged to two-thousand-430-point-one.
Meanwhile, the tech-heavy KOSDAQ also climbed, adding five-point-78 points or point-88 percent. It closed the day at 659-point-89.
On the foreign exchange market, the value of the local currency strengthened five won against the dollar, closing at one-thousand-128-point-three won.
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