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Seoul: Stocks firm on US stimulus deal hopes; won closes at 5-month high

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[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.

The won ended trading at 1,188.8 per US dollar on the onshore settlement platform, 0.45 per cent higher than its previous close at 1,194.1.

In offshore trading, the won was quoted at 1,188.8 per US dollar, up 0.4 per cen from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,188.6.The trading volume during the session in the Kospi index was 830.19 million shares. Of the total traded issues of 902, the number of advancing shares was 400.The most liquid three-year Korean treasury bond yield fell by 1.1 basis points to 0.

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