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The Kospi rises 0.33% before an extended holiday period

SEOUL, Sep 17 (EFE) .- The main index of the Seoul Stock Exchange, the Kospi, rose 0.33% this Friday after investors took to purchases before the start of an important holiday period that will maintain the park closed until next Thursday.

The Kospi advanced 10.42 points, to stand at 3,140.51 units, in a session in which 14.6 trillion won (10,540 million euros) were moved.

The Kosdaq technology stock index added 0.64% or 6.69 points to 1,046.12 integers.

The South Korean stock market opened without a clear direction, as investors tried to assimilate mixed economic indicators published in the United States, where the unexpected increase in retail sales collided with the increase in applications for unemployment benefits last week.

The square stabilized to finally close on the upside, ahead of the national Chuseok holidays, a festive period to celebrate the fall harvest and honor ancestors.

Tech Samsung Electronics, a benchmark in Seoul, rose 1.45% and the country’s second largest chipmaker, SK hynix, gained 2.88%.

South Korea’s main internet provider Naver advanced 0.25% and pharmaceuticals Samsung Biologics added 1.86%.

South Korea’s largest carmaker, Hyundai Motor, rose 0.48%, while chemical firm LG Chem fell 2.09%.

The local currency, the won, lost 3.20 against the US dollar, which was trading at 1,175 won at the close of the session.

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