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Seoul: Stocks end at 1-week high, led by Samsung Electronics; won firmer
[SEOUL] South Korean shares ended at a one-week closing high on Thursday as tech giant Samsung Electronics Co Ltd rallied on restructuring proposal made by US hedge fund Elliott Management.
The Korea Composite Stock Price Index (Kospi) closed up 0.6 per cent at 2,065.30, its highest level since Sept 29.
Offshore investors accelerated stock purchases near the closing bell, buying a net 101.0 billion won (S$124.57 million) worth of Kospi shares.
The South Korean won ended slightly higher, standing at 1,112.2 to the US dollar at the conclusion of onshore trade, up 0.1 per cent compared with Wednesday's close of 1,113.7.