KOSPI breaks 3,600 mark amid
Updated : 2025-10-10 22:10:00 KST
KOSPI breaks 3,600 mark amid concerns over rising won-dollar exchange rate
Good evening, welcome to News Center. We begin on the economic front. South Korean stocks continue to rally as the benchmark KOSPI hit another record high today, closing above 3-thousand-600 points for the first time. Meanwhile, the Korean currency continues to weaken against the U.S. dollar.. with the won-dollar exchange rate now trading at its weakest level in five months. Park Jun-han explains more. South Korea's benchmark KOSPI closed past the 3-thousand-600 mark for the first time on Friday, the first session after the long Chuseok holiday, which kept markets closed for a week.
----------------
rally 회복되다, 원기[활기]를 되찾다 (=recover)
----------------
The KOSPI opened at just over 3-thousand-5-hundred-98, up 1-point-38 percent from last Thursday's close. It then briefly touched the 36-hundred mark during the day and closed at over 3-thousand-6-hundred-10 points, a 1-point-73 percent increase since Thursday last week. The main sectors that drove the market were semiconductor and nuclear power plant-related stocks such as Samsung Electronics, SK hynix, and Doosan Enerbility. The three stocks gained 6-point-zero-7 percent, 8-point-22 percent and 14-point 97 percent, respectively.
----------------
"During the Chuseok holiday, when the South Korean stock market did not open, over in the U.S., AI sentiment improved as OpenAI and AMD agreed on chip supply and investment cooperation. Doosan Enerbility today also gained on rising power demand driven by large-scale AI-related capital spending, with nuclear power seen as a key stable energy source." On the foreign exchange market, the won-dollar rate soared and closed at 1-thousand-4-hundred-21 Korean won per U.S. dollar, up 21 won since Thursday last week.
----------------
This marks the highest level in five months, mainly due to sluggish tariff deal talks between Seoul and Washington, the won's accompanying weakening with the Japanese yen's depreciation, and the recent rising dollar index. Although the dollar index has gone down by over 10 percent since its yearly high, the won-dollar exchange rate has gone down by 4-point-5 percent, which alludes to the weakening of the Korean won.
----------------
accompany 동반하다
depreciation 가치 하락
allude to ~을 넌지시 언급하다[암시하다], 비치다
----------------
"In recent weeks, the key factor behind the won-dollar fluctuations has been uncertainty over how South Korea will allocate its 350 billion U.S. dollar investment in the U.S. Also, the yen's weakness following Japan's leadership change and policy expectations has weighed on the Korean currency." As the KOSPI has ridden a wave of record-breaking gains in the past few months, investors remain cautious about looming tariff talks and the persistent strength of the U.S. dollar, which could negatively affect future investor sentiment. Park Jun-han, Arirang News.
----------------
allocate 할당하다
weigh on 압박하다
looming 희미하게 나타나는
===========
arirang news/Economy
https://m.arirang.com/news/view?id=287954
