[SEOUL] South Korean stocks rose for a fourth consecutive session on Thursday to close at their highest in six months amid continued strong foreign investor buying, with the US Federal Reserve pledging to utilise all ts means for economic recovery.
The benchmark Kospi closed up 3.85 points, or 0.17per cent, at 2,267.01. The index rose as much as 0.8 per cent in early trading to its highest intraday level since early October 2018.Risk sentiment was buoyed after the US Federal Reserve kept its policy setting unchanged, while pledging it would use its full range of tools" if needed.
Meanwhile, the Fed and the Bank of Korea agreed to renew an existing currency swap agreement by six months to at least March 31 2021.
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