south korean stocks surge on financials gains
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

South Korean stocks surge on financials gains

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Arab Today, arab today South Korean stocks surge on financials gains

Korea Composite Stock Price Index (KOSPI)
Seoul - Yonhap

South Korean stocks rose for the second consecutive session on Wednesday as investors loaded up on financial and bank shares on hope that the new retirement pension plan would bring more money into the nation's equity market, analysts said. The local currency rose against the U.S. greenback.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 6.88 points, or 0.33 percent, to close at 2,074.93. Trading volume was moderate at 322.6 million shares worth 4.3 trillion won (US$4.2 billion), with gainers beating losers 434 to 383.

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