Seoul Stock rises 1.32% amid persistent Appetite from Foreign Investors

Seoul Stock rises 1.32% amid persistent Appetite from Foreign Investors

The Seoul Stock Exchange advanced today and its main indicator rose 1.32%, in a day in which foreign investors were once again net buyers encouraged by the rises in other major exchanges.

The South Korean selective Kospi gained 40.28 points to stand at 3,096.81 units, while the Kosdaq technology stock index advanced 0.72%, or 6.89 points, to 963.81 integers.
The advance of Wall Street the day before helped foreign participants to bet today on purchases, finally leaving the selective at the gates of the 3,100-unit barrier.
At the same time, today’s injection into the markets by the People’s Bank of China helped allay fears of a tightening of monetary policies by the world’s main issuers.
The main values ​​of the Kospi advanced today, with technology leading the way.
The benchmark asset in Seoul, Samsung Electronics, appreciated 1.69%, while the world’s second largest semiconductor maker, SK hynix, rose 4%.
For its part, the operator of the main South Korean internet portal, Naver, increased its value by 4.17% and its rival Kakao climbed 0.91%.
The main company in the chemical sector, LG Chem, became more expensive by 1.58% and the manufacturer of rechargeable batteries Samsung improved its price by 0.94%.
In the biopharmaceutical sector, Samsung Biologics appreciated 1.6%, while rival Celltrion worsened 4.18%.
The local currency, the won, lost 1.2 units against the dollar, which was exchanged at 1,117.7 won at the end of operations.
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