[THE INVESTOR] The Korean stock market rebounded on Nov. 26 after falling for four consecutive sessions last week as investors went bargain hunting for underestimated shares, analysts said. The Korean currency rose against the US dollar.
The benchmark KOSPI shot up 25.54 points, or 1.24 percent, to 2,083.02. Trading volume was light at 231.5 million shares worth 4.33 trillion won (US$3.83 billion), with gainers outnumbering losers 631 to 205.
Foreigners sold a net 38 billion won, while institutions bought a net 449 billion won. Individuals sold a net 419 billion won.
The Korean won closed at 1,128.90 won against the US dollar, up 1.60 won from the previous session’s close.
By Song Seung-hyun and newswires (
ssh@heraldcorp.com)