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KOSPI Closes Monday Up 0.27%

Written: 2018-08-27 15:45:09Updated: 2018-08-27 16:40:07

South Korea’s stocks rose Monday on the back of record Wall Street gains following reassuring comments by the U.S. Federal Reserve chairman and a strong performance on the Chinese stock market.

The benchmark Korea Composite Stock Price Index(KOSPI) rose six-point-09 points, or point-27 percent. It ended the day at two-thousand-299-point-30.   

The tech-heavy KOSDAQ gained two-point-81 points, or point-35 percent, to close at 801-point-04.

On the foreign exchange, the local currency strengthened five-point-one won against the dollar, ending the session at one-thousand-113-point-eight won.

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