South Korean Stocks Rally 2.4%

Dow Jones
Aug 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

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10