April 19, 2024
Market Now
Seoul shares hit 6-week high on eased trade tensions
[THE INVESTOR] Korean stocks rose sharply to a six-week high on Dec. 3 as a US-China trade truce boosted investor sentiment, analysts said. The Korean won sharply gained ground against the US dollar.
The benchmark KOSPI added 35.07 points, or 1.67 percent, to 2,131.93, marking the highest level since Oct. 22 when the bourse finished at 2,161.71. Trading volume was heavy at 428.9 million shares worth 5.43 trillion won (US$4.89 billion), with winners beating decliners 648 to 186.
Foreign investors led the rally, scooping up a net 3.23 billion won worth of local shares, along with institutions that purchased a net 1.33 billion won.
The local currency traded at 1,110.70 won against the US dollar, up 10.50 won from the previous session’s close.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
