Economy
KOSPI Closes Slightly Down, Won Strengthens to 30-month High
Written: 2017-11-29 15:50:15 / Updated: 2017-11-29 16:54:09
Following North Korea's latest missile launch on Wednesday, the benchmark Korea Composite Stock Price Index(KOSPI) fell one-point-29 points, or zero-point-05 percent, to close the day at two-thousand-512-point-90.
The tech-heavy KOSDAQ, however, gained eight-point-six points, or one-point-11 percent, making a slight recovery from a heavy sell-off on Tuesday. It closed the day at 781-point-72.
On the foreign exchange market, the value of the won strengthened seven-point-six won against the greenback, bringing the won-to-dollar exchange rate to the lowest in two years and seven months, at one-thousand-76-point-eight won.
The local currency gained immediately after the market opened despite the missile launch earlier in the day.
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