The Kospi rose 46.26 points, or 1.8 percent, to close at 2,568.41 on the back of strong tech stock performances.
Korea's foreign exchange reserves as of late June was $412.21 billion, down $620 million from the $412.83 billion in late May, the Bank of Korea said in a report on Wednesday. This marks the third consecutive month that the reserves have decreased.
The U.S. removed Korea from the list of countries on its currency monitoring list for the second consecutive time, adding Japan to the list.
Stocks opened sharply lower Friday, tracking overnight losses on Wall Street amid lowering hopes for the U.S. Federal Reserve's early rate cuts.
Stocks opened lower Thursday, tracking overnight losses on Wall Street spooked by hawkish tones in the latest minutes of the U.S. Federal Reserve.
Stocks opened lower on Wednesday, mainly due to losses from technology and insurance shares.
The Kospi shed 17.96 points, or 0.65 percent, to close at 2,724.18 as investors wait for the minutes of the U.S. Federal Reserve's monetary policy meeting and Nvidia's earnings report.
Stocks finished nearly 1 percent up Thursday as hopes for a possible U.S. rate cut boosted investor sentiment here. The local currency sharply rose to an almost two-month high against the dollar.
Korea and Malaysia renewed a 5 trillion won ($3.7 billion) currency swap deal Monday, a move aimed at offering liquidity support to both countries’ financial markets in times of crisis.
Stocks opened higher Monday while investors remained watchful over mixed signals for the U.S. Federal Reserve's future monetary policy.
Korea JoongAng Daily Sitemap
