Korea’s main bourse edged up after a choppy ex-dividend day session on Dec. 27, with the Korean won rising against the US dollar.
The benchmark KOSPI inched up 0.43 point, or 0.02 percent, to close at 2,028.44. Trade volume was moderate at 390 million shares worth 5.28 trillion won (US$4.71 billion), with gainers outnumbering losers 521 to 331.
The local stock market opened lower, but soon pared losses as individuals and foreigners became net buyers to target large-cap shares, buoyed by the US market gains, to offset a massive selling-spree by institutions.
The local currency closed at 1,120 won against the US dollar, up 5.40 won from the previous session’s close.
By Song Seung-hyun and newswires (firstname.lastname@example.org