South Korean stocks closed nearly flat on Feb. 25 as investors took a wait-and-see stance over the upcoming summit between the United States and North Korea slated for later this week, analysts said. The local currency gained against the US dollar.
The benchmark KOSPI edged up 2.06 points, or 0.09 percent, to 2,232.56. Trading volume was relatively light at 333 million shares worth 4.59 trillion won (US$4.09 billion), with gainers outpacing losers 437 to 372.
The index marked the highest level since 2,253.83 posted on Oct. 8 last year.
The won finished at 1,121.00 won against the US greenback, up 4.2 won from the last session’s close.
By Ram Garikipati and newswires (email@example.com