South Korean stocks closed higher Friday as investors purchased tech and financial blue chips despite overnight losses on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 27.71 points, or 1.05 percent, to 2,656.33. Trade volume was moderate at 443 million shares worth 9.93 trillion won ($7.21 billion). Winners outpaced losers 460 to 405. Institutions and for.
Ador CEO Min Hee-jin strongly countered allegations by parent company HYBE of having engaged in shamanistic management practices during a press conference at the Korea Conference.
Asian stocks rose broadly on Friday as Microsoft and Google's parent company Alphabet both beat Wall Street's first quarter expectations, offsetting Meta Platforms' disappointing forward guidance.
The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day losing streak in which it had plunged almost 125 points or 4.