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KOSPI Closes Thursday Down 1.52%

Written: 2018-10-04 16:08:26Updated: 2018-10-04 16:51:23

The benchmark Korea Composite Stock Price Index(KOSPI) lost one-point-52 percent on Thursday as foreigners continued to offload local shares amid the strong U.S. dollar and after Bank of Korea Governor Lee Ju-yeol hinted at a possible policy rate hike.

KOSPI closed the day 35-point-08 points lower to end at two-thousand-274-point-49, its lowest close since August 22nd. 

The tech-heavy KOSDAQ also fell, losing five-point-99 points, or point-75 percent. It ended the day at 789.

On the foreign exchange, the local currency weakened ten-point-seven won against the dollar, to end the session at one-thousand-129-point-nine won.

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