South Korean stocks closed higher Friday as investors purchased tech and financial blue chips despite overnight losses on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index rose 27.71 points, or 1.05 percent, to 2,656.33. Trade volume was moderate at 443 million shares worth 9.93 trillion won ($7.21 billion). Winners outpaced losers 460 to 405. Institutions and foreign investors combined bought a net 537 billion won, while retail investors unl

Analysts say that while the recent feud between Hybe Entertainment and its sublabel Ador could result in short-term fluctuations in Hybe's stock prices, any long-term effects on Hybe's performance will be limited due to Ador's limited contribution to Hybe's overall performance. On Friday, shares of Hybe started at 206,000 won ($149) per share, a 11.7 percent drop compared to when the main bourse, Kospi, opened Monday, when they were 233,500 won per share, before the Hybe-Ador