April 24, 2024

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[THE INVESTOR] Korea’s main bourse rose on Jan. 24 as investors digested fourth-quarter corporate earnings reports, led by gains in tech and financial stocks, analysts said. The local currency lost against the greenback.

The benchmark KOSPI jumped 17.25 points, or 0.81 percent, to finish at 2,145.03. Trading volume was moderate at 407.78 million shares worth 5.94 trillion won (US$5.26 billion), with gainers outnumbering losers 491 to 344.

Foreigners scooped up a net 496 billion won worth of stocks, while institutions and retail investors offloaded a net 318.77 billion won and 175.37 billion won, respectively.

The local currency closed at 1,128.60 won against the US dollar, down 1.30 won from the previous session.

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