South Korean Stocks Rally 2.4%

Dow Jones
08/14

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in South Korea gained Friday, as the Kospi Composite Index rose 2.4% to 6977.94.

Among local companies with a market cap of at least 10 trillion South Korean won ($7.08 billion), SK Telecom was the biggest leader during the session, jumping 10%, and Hyundai Autoever jumped 9.0%. GS Holdings rounded out the top three movers, as shares surged 8.9%.

LS Electric was the biggest laggard, declining 3.5%, followed by shares of Korea Aerospace Inds, which declined 3.2%. Shares of Korea Zinc declined 3.0%.

In other parts of Asia, stock indexes were mixed. Hong Kong's Hang Seng Index dropped 1.1%, China's Shanghai Composite Index held steady and Japan's Nikkei Stock Average increased 0.6%.

On the currency front, the WSJ Dollar Index declined 0.2% to 96.06. The dollar weakened 0.4% against the won to 1,412.64 won.

In the bond markets, the 10-year South Korean government bond yield increased 2 basis points to 4.325%.

Data source: Dow Jones Market Data, FactSet

 

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