S. Korean Stocks Rise Following 'Phase One' US-China Trade Deal
Write: 2020-01-16 15:52:26 / Update: 2020-01-16 15:57:11
South Korea's stocks rose on Thursday following the signing of a "phase one" trade deal between the United States and China.
The benchmark Korea Composite Stock Price Index(KOSPI) gained 17-point-07 points, or point-77 percent. It ended the day at two-thousand-248-point-05.
The tech-heavy KOSDAQ also rose, gaining seven-point-36 points, or one-point-08 percent, to close at 686-point-52.
On the foreign exchange, the local currency weakened four-point-one won against the dollar, ending the session at one-thousand-161-point-one won.