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KOSPI Adds 1.34% Monday

Written: 2019-01-07 15:41:02Updated: 2019-01-07 15:57:17

The benchmark Korea Composite Stock Price Index(KOSPI) added 26-point-85 points, or one-point-34 percent, on Monday. It closed the day at two-thousand-37-point-10. 

The tech-heavy KOSDAQ also rose, adding eight-point-35 points, or one-point-26 percent, to close at 672-point-84.

South Korean stocks gained as the U.S. Federal Reserve sought to ease market concerns about the risk of a slowdown, as well as strong U.S. jobs data.

On the foreign exchange, the local currency strengthened five-point-nine won against the dollar, ending the session at one-thousand-118-point-six won.

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