April 25, 2024

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South Korean shares ended higher on April 1 on stock purchases by foreigners and institutions amid hopes of a trade deal between the United States and China. The won rose against the dollar.

The benchmark Kospi rose 27.61 points, or 1.29 percent, to close at 2,168.28. Trading volume was light at 259 million shares worth 4.24 trillion won (US$3.74 billion), with gainers outnumbering losers 657 to 186.

Foreigners and institutions bought a combined 433.57 billion won worth of stocks, offsetting net selling worth 437.79 billion won by individuals.

The local currency traded at 1,133.70 won against the US dollar, up 1.40 won from the previous session’s close.

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