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KOSPI Tops 3,300 Mark for 1st Time Ever During Trading

Written: 2021-06-25 10:34:51Updated: 2021-06-25 13:10:25

KOSPI Tops 3,300 Mark for 1st Time Ever During Trading

Photo : YONHAP News

The benchmark Korea Composite Stock Price Index(KOSPI) has surpassed the three-thousand-300 mark for the first time ever during trading. 

The index climbed 16-point-55 points from Thursday’s closing to stand at three-thousand-302-point-65 as of 9:01 a.m. Friday. That’s after it started the session at three-thousand-289-point-18.  

The index first broke past the three-thousand milestone on January 6, then climbed above three-thousand-200 in just three trading sessions.

Remarks by U.S. Federal Reserve Chairman Jerome Powell on Tuesday  signaling that interest rates wouldn't be hiked too quickly helped boost the market. A bipartisan agreement on an infrastructure deal in the U.S. also pushed up stocks.

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