Stocks Rally as U.S. Scraps Mexico Tariffs


    June 12, 2019 11:11

    The Korea Composite Stock Price Index rallied for a fourth straight session on Tuesday as investors breathed a sigh of relief over the scrapping of U.S. tariff plans for Mexico.

    The KOSPI closed up 12.32 points or 0.59 percent at 2,111.81 points, the highest in more than a month.

    An electronic board shows the Korea Composite Stock Price Index closing at 2,111.81 points at KEB Hana Bank headquarters in Seoul on Tuesday. /Newsis

    The junior Kosdaq closed up 7.65 points or 1.06 percent at 728.79 points, also the highest in about a month.

    Analysts attribute the rise to the U.S. suspending plans to impose tariffs on Mexico and news that the leaders of the U.S. and China will meet on the sidelines of the G20 summit, though uncertainties remain.

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