Korean stocks closed higher on July 12 after tumbling the previous session over the trade dispute between the United States and China. The Korean won fell against the US dollar.
The benchmark KOSPI rose 4.44 points, or 0.19 percent, to close at 2,285.06. Trade volume was moderate at 353 million shares worth 6 trillion won (US$5.33 billion), with gainers outnumbering losers 488 to 317.
Individuals bought a net 82 billion won worth of local stocks, while institutions and foreign investors dumped a net 84.7 billion won and 14 billion won worth of shares, respectively.
The local currency closed at 1,125.90 won against the US dollar, down 5.90 won from the previous session’s close.
By Song Seung-hyun and newswires (firstname.lastname@example.org