KOSPI Hits Fresh Record

  • By Ahn Jun-yong

    October 12, 2017 10:06

    The Korea Composite Stock Price Index crossed 2,450 points on Wednesday, a fresh record despite mounting tensions on the Korean Peninsula.

    The benchmark index closed at 2,458.16, up 24.35 points or one percent from the previous day. The KOSPI has risen more than 60 points in the two days since the long Chuseok break ended.

    Staffers smile in front of an electronic board at the Korean Exchange in Seoul on Wednesday.

    Its market capitalization exceeded W1,600 trillion for the first time, with high expectations for third-quarter earnings of conglomerates out from Friday (US$1=W1,136).

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