[SEOUL] South Korean stocks on Thursday closed at a near two-year high, tracking gains in Wall Street on strong corporate earnings and hopes of even more US stimulus.
The benchmark Kospi ended up 30.75 points, or 1.33 per cent, at 2,342.61. The index hit its highest close since September 2018 after notching a four-day winning streak, led by heavyweight Samsung Electronics. Concerns that the global economy is stalling amid a surge in coronavirus cases has increased calls for more fiscal aid, a move stock investors have welcomed.The trading volume during the session in the Kospi index was 785.18 million shares. Of the total traded issues of 902, the number of advancing shares was 509.For daily updates on weekdays and specially selected content for the weekend.
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Seoul: Stocks firm on US stimulus deal hopes; won closes at 5-month high[SEOUL] South Korean shares rose on Wednesday, tracking a firmer finish on Wall Street on hopes that US lawmakers would reach a deal on a new coronavirus stimulus package this week. The Korean won closed at a five-month high, while the benchmark bond yield fell. Read more at The Business Times.
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Hong Kong: Stocks close with big gains[HONG KONG] Hong Kong stocks surged 2 per cent Tuesday, tracking healthy gains across Asia and following a record lead from Wall Street, with investors also cheered by a drop in new virus infections in the city. Read more at The Business Times.
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Stocks to watch: Singapore Airlines, SGX, Sabana Reit, Yanlord, ARA H-TrustTHE following companies saw new developments that may affect trading of their securities on Wednesday: Read more at The Business Times.
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