South Korea: Stocks jump most since Jan buoyed by US GDP growth
Published Mon, Apr 29, 2019 · 07:58 AM
[SEOUL] South Korea's KOSPI stock index rose 1.7 per cent on Monday, the most since since Jan 9, after US first-quarter economic growth data offset fears of recession.
The Seoul stock market's main KOSPI rose 37.12 points to 2,216.43.
Foreigners were net buyers of 4.0 billion won worth of shares on the main board.
The KOSPI has risen 8.59 per cent so far this year, and gained 0.1 per cent in the previous 30 trading sessions.
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
Weaker yen keeps Japanese tourists at home while visitors throng
Wall Street bulls say stock rally can resume even without rate cuts
Powering optimal deals with innovation
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%