April 26, 2024

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[THE INVESTOR] Korean stocks closed higher on Dec. 17 on bargain hunting, with investors looking ahead to the upcoming Federal Reserve meeting, analysts said. The Korean won firmed against the US dollar.

The benchmark KOSPI added 1.71 points, or 0.08 percent, to 2,071.09. Trading volume was moderate at 438.22 million shares worth 4.63 trillion won (US$4.09 billion), with losers outpacing winners 464 to 362.

Foreigners and institutions each bought a net 65.33 billion won and 204.06 billion won worth of local stocks, while retail investors sold a net 258.08 billion won.

The local currency closed at 1,131.30 won against the US dollar, down 0.50 won from the previous session’s close.

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