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Seoul stocks end higher on finance minister's FX intervention comments
Seoul stocks end higher on finance minister's FX intervention comments
MarketsMay 29, 2020
Seoul stocks ended slightly higher Friday, after South Korea's finance minister hinted at possible intervention in case of volatility in the local currency markets. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 1.06 points, or 0.05 percent, to close at 2,029.60. Trading volume was moderate at about 1.08 billion shares worth some 13.8 trillion won ($11.2 billion), with losers outnumbering gainers 461 to 384. Foreigners sold a net 204.