Economy
KOSPI Renews Record High
Written: 2018-01-29 16:00:52 / Updated: 2018-01-29 16:52:03
South Korea's benchmark stock index renewed its record high for the third consecutive session and broke the two-thousand-600 threshold for the first time on Monday following net purchases of local stocks by foreign and institutional investors.
The Korea Composite Stock Price Index(KOSPI) hit two-thousand-607-point-one during intraday trading before eventually closing at two-thousand-598-point-19, marking a rise of 23-point-43 points, or point-91 percent.
The tech-heavy KOSDAQ also surged, gaining 13-point-93 points, or one-point-53 percent, to close the day at 927-point-05.
On the foreign exchange, the local currency weakened one-point-seven won against the dollar, ending the session at one-thousand-65-point-six won.
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