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KOSPI Reaches New High

Written: 2020-12-01 15:45:26Updated: 2020-12-01 22:10:20

KOSPI Reaches New High

Photo : YONHAP News

The benchmark Korea Composite Stock Price Index(KOSPI) reached a new high on Tuesday renewing the record for the second time in three days. 

The main bourse rose 42-point-91 points, or one-point-66 percent, on Tuesday, to close at two-thousand-634-point-25.

The index gained zero-point-29 percent to close at two-thousand-633-point-45 on Friday, surpassing the previous record set just one day prior. However, it plunged one-point-six percent on Monday driven by a foreigner selling spree ahead of Morgan Stanley Capital International weighting changes. 

The tech-heavy KOSDAQ also rose, gaining five-point-18 points, or zero-point-58 percent, to close at 891-point-29. 

On the foreign exchange, the local currency strengthened zero-point-three won against the dollar, ending the session at one-thousand-106-point-two won.

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