10% Korean stocks hit new high this year
Aug. 8, 2016
[THE INVESTOR] One out of every 10 companies traded on the main bourse KOSPI hit a new high, data showed Aug. 8.According to the data by the Korea Exchange, 89 stocks, or 10 percent of the 889 firms listed on KOSPI, renewed their all-time highs between Jan. 3 and Aug. 3. During the cited period, the benchmark index climbed 3.96 percent from a year earlier.Samsung Electronics Galaxy Note 7.The number, however, marks a 47.6 percent drop from the same period a year earlier, when 170 stocks reached