Seoul stocks close higher on US-China trade talks
[THE INVESTOR] Korean shares closed higher on Jan. 9 on signs of progress in the US-China trade talks. The won rose against the USdollar.
The benchmark KOSPI rose 39.44 points, or 1.95 percent, to 2,064.71. Trading volume was moderate at 379.52 million shares worth 5.42 trillion won (US$4.80 billion), with gainers outnumbering decliners 646 to 188.
Institutions and foreigners bought a combined 527 billion won worth of stocks, offsetting 516 billion won worth of stock purchases by individuals.
The Korean won traded at 1,122.10 won against the US greenback, up 2.00 won from the previous session’s close.
By Song Seung-hyun and newswires (firstname.lastname@example.org)