KOSPI Hits Record Closing High Near 7,500

KOSDAQ Rises to 1,207.72 as Won Closes at 1,471.7 per Dollar, Up 17.7 Won KOSPI closes at 7,498.00

Dealers celebrate the opening of the KOSPI 7,000 era in the dealing room of Hana Bank’s headquarters in Jung-gu, Seoul, on the afternoon of May 6. (Photo provided by Hana Bank)

The KOSPI set a new all-time high on a closing basis, coming within sight of breaking through 7,500.

According to the Korea Exchange on May 8, the KOSPI closed at 7,498.00, up 7.95 points (0.11%) from the previous trading day (7,490.05).

Early in the session, the KOSPI opened at 7,353.94, down 1.82% from the previous trading day, and extended its decline to the low 7,300 range during the morning. In the afternoon, the loss narrowed, and late in the session it turned positive.

The KOSDAQ index closed at 1,207.72, up 8.54 points (0.71%) from the previous trading day (1,199.18).

In the Seoul foreign exchange market, the won-dollar exchange rate ended daytime trading at 1,471.7 won to the dollar, up 17.7 won from the previous trading day’s daytime trading close of 1,454.0 won.

Yoon Young-sil