Inter-Korea
Shares Recover, Won-Dollar Rate Drops
Written: 2008-07-07 19:05:03 / Updated: 0000-00-00 00:00:00
The benchmark Korea Composite Stock Price Index (KOSPI) has recovered for the first time in eight trading days.
The KOSPI closed at 1579-point-seven-two points Monday, up one-point-seven-eight points, over a tenth of a percentage point from Friday’s close.
However, the tech-heavy KOSDAQ dropped four-point-one-three points to 534-point-one-seven.
Individual investors joined in selling sprees as foreign investors recorded net sales for 21 days straight and thus pulled down the shares to nearly 1560-level during the day. However, institutions went on buying and pushed up the share prices.
In the Seoul foreign exchange market, the won-dollar exchange rate closed at 1042-point-nine won per dollars, down seven-and-a-half won from Friday’s close.
Editor's Pick