The KOSPI index experienced a significant recovery on Friday, climbing 2.05 percent to finish at 5,668.05 points. This upward movement effectively ended a seven-day period of losses for the Seoul stock market. Market participants engaged in bargain hunting, specifically targeting major technology and semiconductor firms that had previously suffered double-digit declines. The rebound was supported by a stabilization in the chip sector and growing market expectations regarding future interest rate adjustments by the United States Federal Reserve. Additionally, the Korean won strengthened against the US dollar during the trading session. The index reached an intraday peak of 5,809.94 before settling at the closing figure, signaling a positive shift in investor sentiment after a prolonged period of volatility.
Source : The Korea Herald
Photo : The Korea Herald
