This photo, taken Friday, shows the trading room of Hana Bank in Seoul as South Korean stocks closed higher on a semiconductor rally. Photo by Yonhap
South Korean stocks closed higher Friday, extending their winning streak to a second consecutive session, as semiconductor shares rallied following overnight gains on Wall Street. The local currency gained ground against the U.S. dollar.
After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) added 184.03 points, or 2.52 percent, to close at 7,475.94.
Trade volume was moderate at 449.53 million shares worth 31.16 trillion won (US$20.73 billion), with gainers far outnumbering losers 799 to 92.
Institutions purchased a net 1.13 trillion won worth of shares, while individuals and foreigners sold a net 772.82 billion won and 322.56 billion won, respectively. Foreign investors turned net sellers after two consecutive sessions of net buying.
