South Korean stocks closed higher on May 2 as investors pinned hopes on exports recovery down the road, analysts said. The Korean won gained ground against the US dollar.
The benchmark Kospi moved up 9.16 points, or 0.42 percent, to close at 2,212.75. Trading volume was low at 358 million shares worth 4.92 trillion won ($4.22 billion), with gainers outpacing losers 515 to 289.
The local currency closed at 1,165.70 won against the US dollar, up 2.50 won from the previous session.
By Ram Garikipati and newswires (firstname.lastname@example.org