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  HOME | Business & Economy (Click here for more)

Seoul Stocks Bounce Back after Losses

SEOUL – The South Korean stock market bounced back on Friday, buoyed by positive data from Chinese exporters from September, and a slight rapprochement between Washington and Beijing regarding the trade war, according to local analysts.

The benchmark Kospi index of the Korea Exchange closed up 32.18 points, or 1.51 percent, at 2,161.85.

The tech-heavy Kosdaq index increased by 24.12 points, or 3.41 percent, to end the day at 731.50.

Following a sharp decline of more than 4 percent on Thursday – the largest since 2011 for the Kospi – the Seoul market made a recovery on Friday despite the low volume of trading.

The rise of the won against the dollar also contributed to the Kospi’s recovery.

 

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