South Korean Stock Market Hits 10 Year High

On Monday July 18, South Korean shares rose to a new 10-year high. This was driven by gains in Samsung, Hyundai and other major exporters.

The Korea Composite Stock Price Index, or Kospi, gained 13.05 points, or 1.2 percent, to 1,075.48, the highest since late 1994. The index's all-time high for a close is 1,138.75 on Nov. 8, 1994.

The index high came from market-heavyweight shares such as Samsung Electronics and Hyundai Motor that led market gains.

Samsung Electronics Co., the world's biggest maker of memory chips, rose 2.2 percent to $540. Hyundai Motor Co. jumped 3.4 percent S65.

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