Sci-tech

KOSPI Closes 0.35% Higher at 2378.60

KOSPI Closes 0.35% Higher at 2378.60”

The benchmark Korea Composite Stock Price Index rose 3.07 points, or 0.13 percent, to 2,373.44. In an interview with Reuters, President Moon said he would ask China's President Xi Jinping to lift measures against South Korean companies taken in retaliation against Seoul's decision to host a USA anti-missile defence system. They were net buyers of 30.24 billion won worth of stocks. Foreigners and individuals sold a combined 32.7 billion won.

"The comment comes during the session, giving a boost to China-exposed players such as AmorePacific and other stocks which heavily depend on business in China", Daishin Securities Co. analyst Park Choon-young said. Leading mobile carrier SK Telecom was down 2.09 percent.

The tech-heavy KOSDAQ also rose, gaining five-point-65 points or point-85 percent.

The local currency was trading at 1,140.60 won against the dollar, up 0.30 won from the previous session's close.



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