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South Korean stocks ended 0.08 percent higher Tuesday on an inflow of foreign capital, analysts said. The South Korean won gained ground against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) inched up 1.67 points to 1,980.21 near the end of the session after trading flat for most of the day. Trading volume was low at 273.79 million shares worth 6.04 trillion won ($5.45 billion), with gainers beating decliners 422 to 365.
Analysts said the rise came on the back of net buying by foreign investors.
“The inflow of foreign capital is a positive signal for the market,” said Lim Noh-jung, an analyst from I’M Investment & Securities Co. “Despite sell-offs (by retail investors), prices have become more stable thanks to foreign investors’ current buying mode.” (Yonhap)
The benchmark Korea Composite Stock Price Index (KOSPI) inched up 1.67 points to 1,980.21 near the end of the session after trading flat for most of the day. Trading volume was low at 273.79 million shares worth 6.04 trillion won ($5.45 billion), with gainers beating decliners 422 to 365.
Analysts said the rise came on the back of net buying by foreign investors.
“The inflow of foreign capital is a positive signal for the market,” said Lim Noh-jung, an analyst from I’M Investment & Securities Co. “Despite sell-offs (by retail investors), prices have become more stable thanks to foreign investors’ current buying mode.” (Yonhap)
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Articles by Korea Herald
