KOSPI Recovers from Trump Shock

      November 11, 2016 12:13

      Calm returned to financial markets Thursday after the shock victory of U.S. president-elect Donald Trump a day earlier.

      Asian stock markets plunged sharply on Wednesday as the results came in but rebounded on Thursday to previous levels. They were reassured when Wall Street unexpectedly opened higher following Trump's victory.

      The Korea Composite Stock Price Index, which sank more than two percent Wednesday, closed up 2.3 percent on Thursday at 2,002.6 points.

      Suh Sang-young at Kiwoom Securities said, "Trump refrained from his trademark vitriol in his victory speech and vowed to be a president for all Americans, apparently easing market jitters."

      The won closed down W14.5 due to spreading jitters on Wednesday but fell only another W1.1 on Thursday at W1,150.6 against the greenback.

      • Copyright © Chosunilbo & Chosun.com
      Previous Next
      All Headlines Back to Top