The Korea Composite Stock Price Index concluded Friday's trading session with a gain of 32.39 points, reaching 7,003.74. Despite an initial decline at the market opening, investors engaged in purchasing major technology shares, which helped stabilize the index. This buying activity effectively countered broader market anxieties regarding elevated global oil prices and increasing interest rates. The positive momentum in Seoul was supported by a slight recovery in United States equities, where Treasury yields retreated from recent multi-decade peaks. Additionally, the South Korean won strengthened against the US dollar during the session. The market performance reflects a cautious but resilient sentiment among traders navigating current economic uncertainties.
Source : The Korea Herald
Photo : The Korea Herald
