Seoul: Stocks bounce back, Samsung Elec jumps to record high

[SEOUL] South Korean shares bounced back from earlier falls on Friday, helped by sharp gains in market heavyweights including Samsung Electronics.

The benchmark Kospi index settled 18.25 points, or 0.74 per cent, higher at 2,493.87, after declining as much as 0.6 per cent earlier in the session on concerns over a spike in Covid-19 cases. It rose 3.2 per cent for the week, adding to the previous week's 6.6 per cent jump. Samsung Electronics climbed 3.6 per cent to a record high on foreign investor buying, while other heavyweights SK Hynix , Hyundai Motor and Kakao Corp rose 1.8 per cent, 2 per cent and 2.2 per cent, respectively.

Foreigners were net buyers for a seventh straight session, purchasing US $468.61 million worth shares in the longest buying spree since mid-January. They bought 3.76 trillion won worth shares in the last six sessions. For the week, foreign investor bought a net 2.32 trillion won worth Kospi shares, the largest since September 2013, Refinitiv data showed.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seoul: Stocks snap eight-day rally as vaccine euphoria begins to fade[SEOUL] South Korean shares snapped an eight-session rally to end lower on Thursday, as the initial euphoria around a potential coronavirus vaccine started to fade, denting investor sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks close at record high for fifth straight session[SEOUL] South Korean shares posted a record closing high on Monday for the fifth straight session, as retail investors continued to snap up tech giants such as Samsung Electronics and SK Hynix. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks close at record high on US stimulus, vaccine hopes[SEOUL] South Korean shares posted a record closing high on Wednesday as investor hopes for more fiscal stimulus and vaccine deployment offset worries about rising domestic coronavirus cases. The Korean won strengthened, while the benchmark bond yield rose. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Seoul: Stocks slip from record high on profit-taking, snap five-day rally[SEOUL] South Korean shares on Wednesday slipped from a record high, ending their five-day rally, as investors booked profits. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »