Seoul, Oct 13 (EFE) .- The Seoul stock market rose today and its main indicator, the Kospi, gained 0.96% at the close thanks to the rebound experienced by large technology and motor stocks.
The South Korean benchmark advanced 28.03 points to 2,944.41 integers, while the Kosdaq technology index gained 13.32 points or 1.42%, to 953.47 units.
Bargain hunting was the trend today after two days of the Kospi down, with institutional investors taking the bulk of purchases.
Today they had a net worth of about 772 billion won (about $ 646 million), and much of those acquisitions were focused on the technology and motor sectors.
Moods also improved after the dollar, which closed above the 1,200 won psychological barrier yesterday, slowed its climb against the local currency today.
The top-capped stock on the Seoul Stock Exchange, tech giant Samsung Electronics, fell 0.29%, while the world’s second-largest memory chip maker, SK hynix, advanced 0.55%.
The owner of the main national internet search engine, Naver, rose 2.69%, and Kakao, the operator of the most popular South Korean instant messaging application, climbed 3.08%.
In the biopharmaceutical sector, Samsung Biologics fell by 0.6%, although its rival Celltrion improved by 0.47%.
For its part, Hyundai Motor, the largest vehicle manufacturer in South Korea, appreciated 3.18%, while its subsidiary Kia Motors gained 2.43%.
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