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KOSPI Ends Thursday Up 3.50%

Write: 2021-02-25 15:40:26Update: 2021-02-25 16:53:57

KOSPI Ends Thursday Up 3.50%

Photo : YONHAP News

The benchmark Korea Composite Stock Price Index(KOSPI) grew 104-point-71 points, or three-point-50 percent, on Thursday to close at three-thousand-99-point-69.

The main bourse bounced back above three-thousand as U.S. Federal Reserve Chair Jerome Powell reaffirmed that interest rates would stay low. 

The Bank of Korea, meanwhile, kept its key policy rate unchanged at a record low of point-five percent as expected.

The tech-heavy KOSDAQ also rose, gaining 29-point-90 points, or three-point-30 percent, to close at 936-point-21.

On the foreign exchange, the local currency strengthened four-point-four won against the dollar, ending the session at one-thousand-107-point-eight won.

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