Seoul stock market hits new high on inter-Korean summit
SEOUL, Oct. 2 (Xinhua) -- South Korea's benchmark Korea Composite Stock Price Index (KOSPI) hit a record high Tuesday on the back of the second inter-Korean summit.
The KOSPI index closed up by 51.42 points, or 2.62 percent to 2,014.09, exceeding the 2,000-point mark again in about two months. The previous record close of 2,004.22 was set on July 25.
The volume of KOSPI was moderate at 467.3 million shares worth 8.01 trillion won (8.77 billion U.S. dollars).
"Investor sentiment was underpinned by overnight gains in U.S. markets and the inter-Korean summit," Lee Kyoung-su, an analyst at Daewoo Securities Co., was quoted by South Korea's Yonhap News Agency as saying.
The inter-Korean summit would help dispel the so-called "Korea Discount" in the middle and long term, which refers to the undervaluation of South Korean stocks, Lee said.
South Korean President Roh Moo-hyun walked across the inter-Korean border earlier in the day for a summit with Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK)in Pyongyang.
Roh's visit is expected to promote inter-Korean economic cooperation and boost inter-Korean relations.
猜你喜欢
-
- 04-082016考研英语强化阶段阅读解题技巧之例证题
- 04-08allot的解释含义及用法例句
- 04-08还在死记硬背单词吗?low爆了
- 04-082012年考研英语(一)翻译真题答案
- 03-08考研英语复习指导:考研英语小作文之感谢信指导
- 04-08alcoholic的解释含义及用法例句
- 04-08Brazilian mining company and development bank launch energy project
- 04-08考研英语美文赏读(36):蚂蚁自然行为的背后 我们能学到什么
- 03-08考研英语作文题目及范文赏析(1)
- 03-08考研英语小作文考前实战:邀请信(关于演讲)