Seoul: Seoul shares closed nearly 1.5 percent higher Thursday to set a new record high after the Federal Reserve delivered its first interest rate cut of the year. The Korean won fell against the U.S. dollar.
According to Yonhap News Agency, the benchmark Korea Composite Stock Price Index (KOSPI) gained 47.90 points, or 1.40 percent, to end at a fresh all-time high of 3,461.30.
Trade volume was moderate at 386.81 million shares worth 12.09 trillion won (US$8.7 billion), with gainers outnumbering losers 589 to 262. Institutions and foreigners bought a net 428.9 billion won and 283.7 billion won worth of shares, respectively, while individuals sold a net 779.7 billion won.