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.
The Kospi rose 15.49 points, or 0.57 percent, to close at 2,727.63 as a rise in U.S. unemployment claims point to cooling inflation.
The Kospi fell 32.91 points, or 1.2 percent, to close at 2,712.14 as investors await the effect of U.S. inflation data on the Fed's rate policy.
Shares opened nearly flat Thursday as investors sat on the sidelines ahead of the release of the U.S. consumer price index next week.
The Kopi rose 10.69 points, or 0.39 percent, to close at 2,745.05.
Shares opened higher Wednesday on institutional buying, with investors staying watchful on whether the U.S. Federal Reserve will slash key rates this year.
Shares surged more than 2 percent as hopes of a U.S. rate cut lifted investor sentiment. Samsung and SK hynix were among major gainers.
The Kospi shed 7.02 points, or 0.26 percent, to close at 2,676.63 as investors await U.S. employment data.
Korea JoongAng Daily Sitemap