Stocks gained ground for a third consecutive session on Wednesday to close at the highest level in nearly two years, as investor sentiment was buoyed by progress in U.S. stimulus, analysts said. The won rose against the dollar.
Stocks closed lower Thursday, ending a two-session rally, on investor concerns over a second wave of new coronavirus infections in the world's two largest economies. The won rose against the dollar.
Seoul stocks spiked more than 5 percent on Tuesday, recovering most of the sharp drop in the previous session, as the U.S. Federal Reserve's plan to purchase corporate bonds. A sidecar was issued at one point to contain massive purchases.
Stocks sank almost 5 percent amid rising concerns of a second wave of the coronavirus, extending their losing streak to a third consecutive session. The won fell sharply against the dollar.
Stocks closed higher Tuesday, extending a winning streak to an eighth consecutive session on hopes for economic recovery and ahead of the Fed meeting this week. The won sharply rose against the dollar.
Stocks rose by more than 1 percent Tuesday, extending a winning streak to a third consecutive session on hopes for economic reopening, despite uncertainties from the spreading protests against police violence in the United States.
The Kospi is displayed on a screen in the dealing room of Hana Bank, in Jung Distict, central Seoul, Monday. The Kospi climbed 35.48 basis points, or 1.75 percent, breaking the 2000 mark as institutional and foreign investors scooped up shares.
Stocks closed higher for the second straight day Tuesday amid hopes for an economic rebound, while the won gained ground against the dollar. After a choppy session, the benchmark Kospi gained 11.32 points, or 0.59 percent, to close at 1,934.09.