Stocks closed slightly higher Monday ahead of a U.S. Fed meeting where investors believe signs of a possible rate cut down the road may emerge. The local currency lost ground against the U.S. dollar.
Stocks opened a tad higher Monday, buoyed by gains in technology stocks.
Stocks took a plunge on Friday after a three-day rally as foreign investors went on a selling spree amid higher-than-expected inflation in the United States. The local currency fell sharply against the dollar.
Korea’s shipbuilding and shipping stocks traded strong for a second day in a row on Friday as the sector emerges as the latest battleground between the world’s two largest economies.
Stocks opened lower on Friday, as investors locked in profits after a three-session winning streak.
Stocks finished higher for the third straight session, hitting an almost two-year high Thursday on the back of gains in financial, auto and other blue chips. The local currency fell against the U.S. dollar.
Stocks opened marginally higher Thursday led by financial and tech companies.
Foreign investors scooped up Korean stocks in February for the fourth consecutive month on the back of hopes for a recovery in the chipmaking sector and stock-boosting measures, central bank data showed Wednesday.
The Kospi rose 11.76 points, or 0.44 percent, to 2,693.57 on the back of strong gains on Wall Street thanks to megacap tech stocks.
The Kospi rose 21.97 points, or 0.83 percent, to 2,681.81 on the back of purchases of tech, battery and blue chip stocks.
Korea JoongAng Daily Sitemap