[SEOUL] South Korean shares recouped all losses to close almost unchanged on Friday, finishing the week with a gain of over 1 per cent, as more buying by retail investors offset weakness due to a rout in US tech stocks and a rise in domestic cases of Covid-19.The benchmark Kospi closed up 0.21 point or 0.01 per cent at 2,396.69, after falling as much as 0.9 per cent during the session. For the week, the index gained 1.2 per cent.
"The Kospi traded steadily despite rising volatility in US stocks... Investor sentiment remains weak, but the trend of active buying by retail investors continued to limit further losses," said Kiwoom Securities' analyst Seo Sang-young. Retail investors looked past a slight uptick in daily cases of Covid-19 reported on Friday, buying 451.2 billion won worth of shares on the main board. Foreigners sold around 165.4 billion won worth of equities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seoul: Stocks rebound on US tech rally, new virus stimulus[SEOUL] South Korean shares rebounded on Thursday, tracking a tech-led rally in Wall Street, while the government's new stimulus package added to investor sentiment. The won gained, while the benchmark bond yield fell. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks to watch: Singtel, Sunningdale, Sembcorp, AGV, Raffles EducationTHE following companies saw new developments that may affect trading of their securities on Thursday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Stocks end up after three down days, Nasdaq up 2.7%[NEW YORK] Wall Street stocks rebounded Wednesday following three losing sessions, with large technology companies back on the upswing after a pullback. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks end up after three down days, Dow rises 1.6%, Nasdaq up 2.7%NEW YORK (AFP) - Wall Street stocks rebounded on Wednesday (Sept 9) following three losing sessions, with large technology companies back on the upswing after a pullback.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Wall Street opens higher after three-day selloff as tech stocks stabilizeNasdaq futures bounced on Wednesday following a brutal sell-off in heavyweight technology stocks that sent the Nasdaq Composite index into ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Wall St opens higher after three-day selloff as tech stocks stabilise[NEW YORK] Wall Street's main indexes opened higher on Wednesday, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »