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South Korea: Stocks finish higher on trade truce expectations
[SEOUL] South Korea's KOSPI stock index closed higher on Thursday on expectations of a US-China trade truce, while chipmakers extended their rally after Micron Technology saw a recovery in demand.
The Seoul stock market's main KOSPI index closed up 12.49 points or 0.59 per cent at 2,134.34.
In addition to expectations of a truce, chip shares extended their gains on Micron's move to cut its output, said Kim Ye-eun, an analyst at IBK Securities.
The KOSPI has risen 4.57 per cent so far this year, and gained 1.9 per cent in the previous 30 trading sessions.