Korean shares end flat ahead of Moon-Trump summit
Seoul shares ended nearly flat on April 11 as investors digested a slew of economic events amid mixed prospects for an upcoming summit between South Korea and the United States. The Korean won fell against the US dollar.
The benchmark Kospi ticked down 0.05 point to close at 2,224.44. Trading volume was moderate at 395 million shares worth 5.77 trillion won ($5.1 billion), with gainers outnumbering losers 557 to 256.
Foreigners remained net buyers as the recently released minutes of a policy meeting of the Federal Reserve hinted at a dovish monetary policy this year.
The local currency closed at 1,139.4 won against the US dollar, down 0.8 won from the previous session.
By Ram Garikipati and newswires (email@example.com)