April 26, 2024

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South Korean stocks rebounded slightly from the previous day’s steep plunge on March 26, but investors remained cautious over gloomy economy outlook, analysts said. The local currency rose against the US greenback.

The benchmark Kospi added 3.94 points, or 0.18 percent, to 2,148.80. The index turned around from a nearly 2 percent loss pn March 25 as US-originated growth fears spread across the world.

Trading volume was light at 295.6 million shares worth 4.12 trillion won (US$3.64 billion), with gainers beating decliners 556 to 274.

The Korean won traded at 1,133.40 won against the U.S. dollar, up 0.8 won from the previous session’s close.

By Ram Garikipati and newswires (ram@heraldcorp.com)