South Korean stocks closed almost 1 percent higher Tuesday as investors scooped up tech shares following a recent slump in the chip industry. The local currency gained against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) shot up 29.42 points, or 0.94 percent, to close at 3,172.35.
Trade volume was moderate at 304 million shares worth 8.5 trillion won (US$6.1 billion), with gainers beating losers 484 to 376.
Foreigners bought a net 389 billion won, snapping their five consecutive sessions of selling. Individuals sold a net 347 billion won, and institutions sold a net 141 billion won.
