Market Now
Seoul shares close higher ahead of historic summit
- PUBLISHED :February 27, 2019 - 17:24
- UPDATED :February 27, 2019 - 17:24
Korean stocks closed higher on Feb. 27 as investors grew confident over the outcome of the historic summit between Washington and Pyongyang slated for later in the day, analysts said. The local currency fell against the US dollar.
The benchmark KOSPI moved up 8.19 points, or 0.37 percent, to 2,234.79. Trading volume was light at 296 million shares worth 4.82 trillion won (US$4.30 billion), with gainers outpacing losers 498 to 323.
Foreigners offloaded a net 58 billion won, and individuals sold a net 111 billion won. Institutions bought a net 154 billion won.
The Korean won finished at 1,119.10 won against the US greenback, down 0.50 won from the previous day’s close.
By Ram Garikipati and newswires (ram@heraldcorp.com)