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South Korea: Stocks end firmer on hopes of China stimulus boost

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The Seoul stock market's main KOSPI ended up 7.73 points, or 0.36 per cent, at 2,165.63.[SEOUL] South Korean shares rose for a second straight session on Wednesday as investors bet on additional stimulus measures from Beijing to blunt the economic blow from a coronavirus outbreak.

The death toll from a coronavirus outbreak in China passed 490 on Wednesday, as two US airlines suspended flights to Hong Kong following the first fatality there and 10 cases were confirmed on a cruise ship quarantined in Japan. The KOSPI dropped 1.46 per cent so far this year, and lost 1.7 per cent in the previous 30 trading sessions.

 

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