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Strong Export Data Helps Lift KOSPI

Written: 2018-06-01 15:44:21Updated: 2018-06-01 16:49:18

South Korean stocks rose on Friday on the back of the release of strong export data. 

The benchmark Korea Composite Stock Price Index(KOSPI) added 15-point-95 points, or point-66 percent, to close the day at two-thousand-438-point-96.  

The tech-heavy KOSDAQ also strengthened, gaining three-point-56 points, or point-40 percent, closing at 883-point-22. 

Preliminary data from the Ministry of Trade, Industry and Energy on Friday showed that South Korea’s exports reached 50-point-98 billion U.S. dollars in May, a rise of 13-point-five percent from a year earlier. 

On the foreign exchange, the local currency strengthened two-point-seven won against the dollar, ending the session at one-thousand-75 won. 



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