( LEAD ) Seoul stocks extend rally to 8 th session , won sharply up ( ATTN : ADDS bond yields at bottom , photo ) SEOUL , June 9 ( Yonhap ) -- South Korean stocks closed higher Tuesday , extending a winning streak to an eighth consecutive session on hopes for economic recovery and ahead of the Fed meeting this week . The Korean won sharply rose against the U . S . dollar . The benchmark Korea Composite Stock Price Index ( KOSPI ) rose 4 . 63 points , or 0 . 21 percent , to close at 2 , 188 . 92 . Trading volume was high at about 805 . 3 million shares worth some 14 . 5 trillion won ( US $ 12 . 1 billion ) , with losers outnumbering gainers 473 to 366 . Electronic signboards at a Hana Bank trading room in Seoul show the benchmark Korea Composite Stock Price Index ( KOSPI ) up 4 . 63 points , or 0 . 21 percent , to close at 1 , 197 . 70 on June 9 , 2020 , while the Korean won rose against the U . S . dollar . ( Yonhap ) The KOSPI extended gains every session since May 29 , tracking Wall Street backed by hopes of a quick economic rebound from the coronavirus pandemic . Market expectations ran high over the upcoming U . S . Federal Open Market Committee ( FOMC ) meeting , set for June 9 - 10 ( New York time ) . The FOMC has indicated that it will announce a set of additional stimulus measures to buoy the coronavirus - hit economy . Institutions sold a net 396 billion won , and foreigners offloaded a net 21 . 2 billion won . Individuals purchased a net 411 billion won . In Seoul , large caps finished mixed . Samsung affiliates ended in positive terrain after a Seoul court rejected an arrest warrant for the heir of Samsung Group , which accounts for more than 20 percent of the main index ' s total market cap . Market bellwether Samsung Electronics gained 1 . 09 percent to 55 , 500 won , while No . 2 chipmaker SK hynix shed 1 . 32 percent to 89 , 800 won . Leading pharmaceutical firm Samsung Biologics added 1 . 81 percent to 676 , 000 won , but top chemical firm LG Chem slid 0 . 35 percent to 432 , 500 won . Top automaker Hyundai Motor lost 0 . 88 percent to 112 , 000 won . The local currency closed at 1 , 197 . 70 won per dollar , up 7 . 10 won from the previous session ' s close . Bond prices , which move inversely to yields , closed higher . The yield on three - year Treasurys lost 4 . 1 basis points to 0 . 861 percent , and the return on the benchmark five - year government bond slipped 5 . 7 basis points to 1 . 134 percent . jwc @ yna . co . kr ( END )