Posted January. 05, 2002 13:39,
Stock prices continued to soar.
The composite stock exchange index on the 4th rose 20.06 points (2.76 percent) from yesterday, marking 747.72 points, which is to recover the 740 point-level in 16 months. The market leaders were foreign investors.
Foreign investors purchased stocks for 260 billion won at bourse and Kosdaq. The Kosdaq index was 75.45, rising by 0.96 points (1.29 percent). Only foreign investors purchased stocks, which caused only the blue chips to soar, showing the item preference.
The won-dollar exchange rate on the 4th was 1308.70 won, falling by 4 won from the closing price of the 3rd.
On the other hand, the yen was traded at 131.19 yen for 1 dollar in the Tokyo foreign exchange market, presently at 4:30. As a result, the exchange rate of the won to 100 yen was 997.56 won.
The Japanese Tokyo stock market started smoothly with soaring Nikkei stock average for the first 2002 market.
The Nikkei stock average started to soar from the early stage and closed at 10,871.49 yen, rising 328.87 yen (3.12 percent) from the closing price of last year.