South Korean stocks were boosted on Friday as institutional buyers purchased large-cap shares following the news that the U.S. and China are stepping up efforts to avoid a trade war.  

The benchmark Korea Composite Stock Price Index(KOSPI) added 12-point-two points, or point-five percent, to close the day at two-thousand-460-point-65.  

The tech-heavy KOSDAQ also strengthened, gaining 13-point-83 points, or one-point-62 percent, closing at 869-point-45. 

U.S officials said Thursday that Beijing has proposed increasing Chinese purchases of American goods by around $200 billion in an attempt to narrow the trade gap between the two countries.

On the foreign exchange, the local currency strengthened three-point-six won against the dollar, ending the session at one-thousand-77-point-six won.