This photo, taken Thursday, shows the trading room of Hana Bank in Seoul as South Korean stocks rose for a fourth straight day on heavy investment in major chipmakers. Photo by Yonhap
South Korean stocks ended sharply higher for the fourth straight session Thursday as investors scooped up major chipmakers. The Korean won gained ground against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 234.3 points, or 3.56 percent, to close at 6,813.34, following 0.65 percent, 0.73 percent and 3.68 percent gains in the previous three sessions.
After opening 2.96 percent higher, the KOSPI further added gains as foreigners and institutions scooped up major chip heavyweights.
Trade volume was moderate at 416 million shares worth 34.45 trillion won (US$24.22 billion) trading hands, with losers outnumbering gainers 532 to 332.
