April 20, 2024

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[THE INVESTOR] Korean stocks closed higher on July 13, as investors scooped up large-cap tech and financial shares amid eased fears over the trade war between the United States and China, analysts said. The Korean won rose against the US dollar.

The benchmark KOSPI rose 25.84 points, or 1.13 percent, to close at 2,310.9. Trade volume was moderate at 287 million shares worth 6.4 trillion won (US$5.70 billion), with gainers outnumbering losers 573 to 256.

Foreigners bought a net 224 billion won worth of local stocks, while individuals and institutions dumped a net 137 billion won and 94 billion won worth of shares, respectively.

The Korean currency closed at 1,123.50 won against the US dollar, up 2.40 won from the previous session’s close.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)