April 25, 2024

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[THE INVESTOR] Korean stocks rose to a four-week high on Nov. 19 on eased trade woes, analysts said. The local currency lost ground against the US dollar.

The benchmark KOSPI rose 8.16 points, or 0.39 percent, to close at 2,100.56. It is the highest level since Oct. 23 when the KOSPI finished at 2,106.1. Trading volume was relatively light at 268.9 million shares worth 4.6 trillion won (US$4.08 billion), with gainers outnumbering decliners 628 to 221.

Foreigners dumped a net 92.7 billion won worth of local shares, extending their selling streak to five sessions in a row. To offset the sell-off, meanwhile, institutions purchased a net 162.5 billion won.

The Korean currency ended at 1,128.6 won against the US dollar, down 0.1 won from previous session.

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