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KOSPI Closes Monday Up 0.38%

Written: 2018-09-04 15:51:52Updated: 2018-09-04 16:32:33

South Korean stocks rose Tuesday as market leader Samsung Electronics announced that it would release a new foldable smartphone sometime this year.

The benchmark Korea Composite Stock Price Index(KOSPI) gained eight-point-69 points, or point-38 percent. It ended the day at two-thousand-315-point-72.    

The tech-heavy KOSDAQ also gained, adding ten-point-43 points, or one-point-28 percent. It closed at 827-point-27.

On the foreign exchange, the local currency weakened four-point-six won against the dollar, ending the session at one-thousand-114-point-nine won.

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