April 25, 2024

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[THE INVESTOR] Korean shares closed higher on Aug. 31 as investor sentiment was boosted by a better-than-expected manufactures’ index from China, analysts said. The Korean won closed lower against the greenback.

The benchmark KOSPI rose 15.53 points, or 0.67 percent, to close at 2,322.88. Trading volume was low at 240 million shares worth 5.21 trillion won (US$4.68 billion), with gainers outnumbering losers 471 to 338.

Foreigners bought more shares than they sold at a net 314 billion won, while retail investors offloaded a net 96 billion won. Institutions bought a net 262 billion won.

The Korean currency was trading at 1,112.90 won against the greenback, down 4.30 won from the previous session’s close.

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