Korean stocks rise on eased US-China trade tensions
South Korean equities jumped at the opening bell on Friday as improved relations between Washington and Beijing lifted investor confidence. The benchmark index climbed 47.85 points to 3,893.41 within the first quarter hour of trading.
Samsung Electronics advanced 1.66 percent while SK hynix surged 4.49 percent. American markets rebounded on Thursday with the S&P 500 adding 0.6 percent and the Nasdaq composite rising 0.9 percent. The won strengthened to 1,436.1 against the dollar by morning.
The index halted its six-day winning streak on Thursday as traders took profits. KB Financial Group edged up 0.17 percent while Hanwha Aerospace fell 3.91 percent. Optimism about potential trade agreements between the world’s two largest economies drove the rally across Asian markets.
