S.Korean stocks rebound in 3 days

South Korean stocks rebounded in three days on Friday as individual investors snapped up stocks, offsetting the sale by foreign and institutional investors.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 20.96 points, or 0.68 percent, to settle at 3,107.62. Trading volume stood at 3.4 billion shares worth 19.4 trillion won (17.5 billion U.S. dollars).

The KOSPI started 0.11 percent higher, but it turned downward in the morning session to touch 3,040 points amid the foreign and institutional sale.

Offshore investors remained net seller in the domestic stock market for the third consecutive day.

The main index, however, trimmed earlier losses in the afternoon session and turned upward about one hour before the market close amid the retail purchase of stocks that reached 436.3 billion won (394.5 million U.S. dollars).

Among large-cap shares, gainers outnumbered decliners. Market bellwether Samsung Electronics added 0.6 percent, and memory chip giant SK hynix jumped 5.6 percent. The biggest automaker Hyundai Motor advanced 2.8 percent, and the most-used search engine Naver gained 2.6 percent.

Samsung BioLogics, the pharmaceutical unit of Samsung Group, rose 1.3 percent, and biopharmaceutical behemoth Celltrion went up 1.3 percent. Rechargeable battery manufacturer Samsung SDI retreated 2.4 percent.

The small-cap KOSDAQ lost 2.31 points, or 0.24 percent, to close at 965.11.

The local currency finished at 1,105.9 won versus the greenback, up 1.7 won from the previous close.

Bond prices ended lower. Yield on the liquid three-year treasury notes rose 1.1 basis points to 0.996 percent, and the return on the 10-year government bonds was up 2.1 basis point to 1.875 percent.