April 25, 2024
Market Now
Seoul stocks end higher on foreign buying
[THE INVESTOR] Korean stocks fluctuated to close higher on June 22 as foreign investors scooped up local shares to offset a selling-spree by individuals and institutions amid ongoing US-China trade friction, analysts said. The Korean won rose against the US dollar.
The benchmark KOSPI gained 19.39 points, or 0.83 percent, to close at 2,357.22. Trade volume was moderate at 531 million shares worth 6.5 trillion won (US$6 billion), with losers outnumbering gainers 516 to 316.
Foreign investors purchased a net 5.8 billion won while institutions and individuals offloaded a net 24.2 billion won and 8.9 billion won worth of shares on the main exchange, respectively.
The local currency closed at 1,107.40 won against the US dollar, up 5.40 won from the previous session.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
