Seoul: Stocks log best week in five months as Biden heads toward victory

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Seoul: Stocks log best week in five months as Biden heads toward victory
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[SEOUL] South Korean shares rose on Friday, marking their best weekly gain since June, as US stocks rose overnight after investors assessed the prospect of a Joe Biden presidency with a split Congress in the United States. Read more at The Business Times.

The won was quoted at 1,120.4 per US dollar on the onshore settlement platform, 0.70 per cent higher than its previous close at 1,128.2.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 2.56 per cent, while the S&P 500 index jumped 1.95 per cent on Thursday. The Kospi has risen 9.96 per cent so far this year, and gained 0.1 per cent in the previous 30 trading sessions. The trading volume during the session in the Kospi index was 812.16 million shares. Of the total traded issues of 906, the number of advancing shares was 293.The most liquid three-year Korean treasury bond yield rose by 1.8 basis points to 0.946 per cent, while the benchmark 10-year yield rose by 3.6 basis points to 1.563 per cent.For daily updates on weekdays and specially selected content for the weekend.

 

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