Seoul: Stocks gain on strong US housing data

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[SEOUL] South Korea's KOSPI stock index rose on Friday after closing lower in the previous session, as solid US economic index offered a respite from the prolonged trade friction between the United States and China. Meanwhile, the Korean won and the benchmark bond yield rose. Read more at The Business Times.

[SEOUL] South Korea's KOSPI stock index rose on Friday after closing lower in the previous session, as solid US economic index offered a respite from the prolonged trade friction between the United States and China. Meanwhile, the Korean won and the benchmark bond yield rose.

As of 0145 GMT, the Seoul stock market's main KOSPI index rose 9.88 points, or 0.48 per cent, to 2,077.57.Market voices on: The trading volume during the session on the KOSPI index was 219.95 million shares, and of the total traded issues of 890, the number of advancing shares was 524. The won was quoted at 1,190.5 per US dollar on the onshore settlement platform, 0.08 per cent higher than its previous close at 1,191.5, after hitting its fresh low in 28 months at 1192.8 per US dollar.

Source: News Formal (newsformal.com)

 

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