April 25, 2024
Market Now
Seoul shares end higher on Fed comments, China’s monetary easing
[THE INVESTOR] Korean shares ended higher on Jan. 7 on renewed appetite for risk assets following a dovish turn by the US Federal Reserve and an easing of monetary policy in China. The won rose against the USdollar.
The benchmark KOSPI gained 26.85 points, or 1.34 percent, to 2,037.10. Trading volume was moderate at 428.1 million shares, worth 5.13 trillion won (US$4.60 billion), with gainers exceeding decliners 649 to 208.
Institutional investors and foreigners bought a combined 219.2 billion won worth of stocks, giving a boost to the KOSPI index. But individuals sold a net 204.23 billion stocks.
The Korean won traded at 1,118.60 won against the US greenback, up 5.90 won from the previous session’s close.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
