Seoul, May 13 || South Korean stocks edged up on Tuesday following a trade agreement between the United States and China. The local currency fell sharply against the US dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) added 1.09 points, or 0.04 percent, to close at 2,608.42, following a 1.17 percent jump on the previous day, reports news agency.
Trade volume was moderate at 413.3 million shares worth 8.32 trillion won ($5.87 billion), with gainers closely beating decliners 450 to 418.
Institutions and individuals led the daily decline, dumping a net 100 billion won and 136.9 billion won, respectively, while foreigners purchased a net 174.1 billion won.
After two-day high-level negotiations over the weekend, Washington and Beijing reached an agreement to cut reciprocal tariffs on each other for 90 days.
Wall Street was buoyed by the deal, with all three major indexes finishing higher.
The Dow Jones Industrial Average rose 2.81 percent, and the S&P 500 jumped 3.26 percent. The Nasdaq composite vaulted 4.35 percent.
In Seoul, however, market heavyweights ended in mixed territory.