KOSPI Climbs to Highest Point of the Year

  • By Ahn Jun-yong

    June 09, 2016 11:12

    The Korea Composite Stock Price Index closed up 0.77 percent on Wednesday at 2,027.08 powered by foreign buying.

    It was the highest close in seven months.

    Foreigners made both spot and futures purchases a day ahead of futures options deadlines on Thursday.

    Foreigners bought W314.7 billion worth of Korean stocks, while individual and institutional investors sold off W312.1 billion and W42.5 billion.

    Foreigners were apparently relieved by WTI crude prices hitting $50 and a lowered chance of a U.S. rate hike this month.

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