SEOUL, March 26 (Xinhua) -- South Korean shares rose for two straight days on Tuesday as tech and auto shares gained ground amid slowing depreciation of the Japanese yen against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 6. 03 points, or 0.3 percent, to close at 1,983.70. Trading volume stood at 287.77 million shares worth 3.42 trillion won (3.09 billion U.S. dollars).
Market bellwether Samsung Electronics advanced 0.9 percent, rising for two straight sessions and leading the market rebound. Top automaker Hyundai Motor gained 2.3 percent after the Japanese yen traded at the 94 level versus the greenback, slowing its depreciating trend. The No.2 carmaker Kia Motors was up 0.2 percent, and the nation's biggest auto parts maker Hyundai Mobis climbed 1.5 percent.
Purchases by institutional investors, especially pension funds, offered upward momentum to the market, with their purchases reaching 110 billion won. Local institutions kept their buying streak for eight trading days in a row.
Foreign funds reduced their holdings by 39.5 billion won, increasing their selling pressure for nine straight days, but their sales volume reduced within 100 billion won over the past two sessions. Retail investors sold stocks worth 88.4 billion won, offloading stocks for two sessions in a row.
The local currency finished at 1,105.7 won against the greenback, up 5.1 won from Monday's close.
Bond prices ended steady. The yield on the liquid three-year treasury notes closed unchanged at 2.58 percent, and the return on the benchmark five-year government bonds finished flat at 2.66 percent.
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