South Korean stocks rise on US-China trade progress
[SEOUL] South Korean shares ended over 1 per cent higher on Monday as partial trade deal between the United States and China to end their tariff war lifted risk appetite.
The benchmark stock index KOSPI closed up 22.79 points, or 1.11 per cent, to 2,067.40.
"The biggest factor behind the jump on KOSPI market was the US-China trade deal," said Lee Young-gon, an analyst with Hana Financial Investment.
The KOSPI has risen 1.29 per centso far this year, but gained 6.7 per cent in the previous 30 trading sessions.
The trading volume during the session in the KOSPI index was 502.18 million shares and, of the total traded issues of 888, the number of advancing shares was 668.
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
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%
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