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.
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.
Korea's IPO market hit a 22-year high as companies rushed to go public amid strong investor demand and a favorable market environment, with HD Hyundai Marine Solution set to have the biggest offering in the first half of 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.
Shares opened higher Tuesday, tracking overnight gains on Wall Street, as investors were buoyed by looming hopes that the U.S. Federal Reserve may slash key rates this year.
Korea JoongAng Daily Sitemap