April 26, 2024

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[THE INVESTOR] Korean stocks ended higher for the second consecutive session on Nov. 16 as investor sentiment recovered on hopes of eased US-China trade friction. The Korean currency rose against the US dollar.

The benchmark KOSPI added 4.34 points, or 0.21 percent, to close at 2,092.40. Trading volume was moderate at 294 million shares worth 4.69 trillion won (US$4.15 billion), with winners outnumbering losers 564 to 261.

Individual and institutional investors picked up 18.2 billion won and 10.3 billion won of local shares, respectively, to pull the index up, while foreigners shed 20.8 billion won worth of stocks.

The local currency closed at 1,128.5 won against the greenback, up 0.7 won from the previous session‘s close.

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