Seoul shares spike nearly 2% on bargain hunting; won sharply up
South Korean stocks soared almost 2 percent Thursday as investors bought bargains after four consecutive sessions of decline amid ongoing geopolitical risks in the Middle East and speculation about delays in US interest rate cuts. The Korean won rebounded sharply against the US dollar. The benchmark Korea Composite Stock Price Index gained 50.52 points, or 1.95 percent, to close at 2,634.7. Trade volume was moderate at 466 million shares worth 10.2 trillion won ($7.47 billion), with gainers far
April 18, 2024