April 19, 2024
Market Now
Seoul shares rebound on eased trade tensions
[THE INVESTOR] Korean stocks on Oct. 12 rebounded from a more than 4 percent plunge the previous day as investor sentiment recovered from eased US-China trade woes. The local currency rose sharply against the US dollar.
The benchmark KOSPI jumped 32.18 points, or 1.51 percent, to close at 2,161.85, marking the first positive finish in nine trading days.
Trading volume was light at 288.6 million shares worth 5.97 trillion won (US$5.28 billion), with gainers outnumbering decliners 654 to 196.
The Korean currency closed at 1,131.40 won against the US dollar, up 13 won from the previous trading session.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
