News Formal

South Korea: Stocks end higher on optimism around US-China trade deal

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Read more at The Business Times.

The Seoul stock market's main KOSPI rose 6.50 points, or 0.31 per cent, to 2,127.85.[SEOUL] South Korean shares closed higher on Wednesday on rising hopes for an initial US-China trade deal, although gains were capped due to selloff related to the rebalancing of MSCI index.

The United States and China are close to an agreement on the first phase of a trade deal, US President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.The KOSPI has risen 4.25 per cent so far this year, but gained 2.6 per cent in the previous 30 trading sessions.The trading volume during the session in the KOSPI index was 361.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 15. in US

United States United States Latest News, United States United States Headlines

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

South Korea: Stocks inch down as foreigners offload equities over MSCI rebalancingRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »