KOSPI edged higher Friday in Seoul as chipmakers offset concern over rising U.S. Treasury yields. The benchmark index closed at 6,912.95, up 0.88 percent, while Kosdaq fell 4.63 percent to 801.94. SK hynix and Samsung Electronics rose after expectations for stronger shareholder returns boosted demand, even as foreign and retail investors sold net shares.
The won-dollar exchange rate, KOSPI and Kosdaq indexes are displayed in the dealing room of Hana Bank in Seoul, Friday. The benchmark KOSPI closed at 6,912.95, up 0.88 percent, or 60.37 points, from the previous session. Yonhap
KOSPI edged higher Friday as gains in chipmakers, fueled by expectations for stronger shareholder returns, offset concerns over rising U.S. Treasury yields.
The benchmark index closed at 6,912.95, up 0.88 percent, or 60.37 points, from the previous session. The index opened 1.35 percent lower but reversed course to close higher as semiconductor stocks led the rebound.
Foreign investors and retail investors sold a net 170.7 billion won ($123 million) and 1.17 trillion won, respectively, while institutional investors bought a net 248.7 billion won.
