“Triple Strength”
On September 9, the prices of stocks, won, and bonds all increased at the same time.
The Korea Composite Stock Price Index (KOSPI) closed at 1,974.67, up 19.36 points, its highest close since June 4. The KOSPI's powerful rally is attributable to a 12-day buying spree of foreign investors since August 23.
The value of the won also went up. The Korean currency finished at 1086.80 won against the dollar, down 6.20 won from last Friday's close. The won continues to show solid growth after it fell below the 1100 won/dollar mark on September 3, the first time in three months.
Bond prices soared as well. According to the Korea Financial Investment Association, interest rates on three-year treasury bonds in the bond market stood at 2.97%, down 0.02% from Friday's close.