Seoul: Shares close higher, foreigners sell for 16th day; won flat
[SEOUL] Seoul shares closed higher on Thursday on bargain hunting following rallies in Wall Street and a rebound for Chinese stock markets, though foreigners continued to offload domestic shares.
The Korea Composite Stock Price Index (KOSPI) ended up 0.7 per cent to 1,908.0 points, rising for a third consecutive session.
Offshore investors were net sellers for a 16th consecutive session, the longest such streak since May 2012. During the streak, they have offloading a net 4.116 trillion won (S$4.87 billion) of shares on the main board.
The won cut gains and closed local trade nearly flat standing at 1,185.2, weighed down by persistent foreign selling in domestic stocks. On Wednesday, it closed 1,186.0.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data