April 25, 2024

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[THE INVESTOR] Korean stocks finished higher on Dec. 13 as investors took comfort from signs that trade frictions between the United States and China have eased, experts said. The Korean won strengthened against the US dollar.

The benchmark KOSPI rose 12.98 points, or 0.62 percent, to 2.095.55. Trading volume was heavy at 368.20 million shares worth 7.56 trillion won (US$6.73 billion), with gainers outnumbering losers 652 to 182.

Foreign investors led the upturn by purchasing a net 488.0 billion won worth of local shares, while retailers and institutions offloaded shares worth 176.3 billion won and 311.9 billion won, respectively.

The local currency closed at 1,123.40 won against the US dollar, up 5.10 won from the previous session’s close.

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