April 24, 2024

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South Korean shares ended higher on April 2 on stock purchases by foreigners amid hopes of a trade deal between the United States and China. The won fell against the dollar.

The benchmark Kospi rose 8.90 points, or 0.41 percent, to close at 2,177.18. Trading volume was moderate at 250.94 million shares worth 4.1 trillion won ($3.6 billion), with gainers outnumbering losers 432 to 387.

Foreigners bought a net 276.19 billion won worth of stocks, offsetting stock sales worth a combined 256 billion won by institutions and individuals.

The local currency traded at 1,136.40 won against the US dollar, down 2.70 won from the previous day’s close.

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