Seoul stocks up ahead of Q2 earnings season, Fed decision
South Korean shares ended higher on July 16 as investors await second-quarter earnings results to be released later this month. The Korean won rose against the US dollar.
The benchmark Kospi rose 9.39 points, or 0.45 percent, to close at 2,091.87. Trade volume was moderate at 675 million shares worth 5.16 trillion won ($4.4 billion), with losers outnumbering gainers 418 to 380.
Foreigners bought a net 251 billion won worth of stocks, offsetting institutions and individuals‘ stock selling valued at a combined 247 billion won.
The local currency closed at 1,177.60 won against the US dollar, up 1.70 won from the previous session’s close.
By Ram Garikipati and newswires (email@example.com)