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The benchmark KOSPI climbed more than 2% to around 6,850 on Friday, recovering losses from the previous session, as a rebound in US technology stocks lifted regional equities. The Nasdaq advanced 1.7% overnight, with technology shares recovering after the Federal Reserve’s latest rate hike, while Brent crude fell to ar
The KOSPI slipped nearly 2% to around 6,920 on Thursday. The move followed Brent crude rising above $101 and the US 10-year Treasury yield climbing to around 4.86%, with Middle East supply-disruption concerns and escalating US-Iran tensions.
South Korea’s benchmark KOSPI rose nearly 4% to around 6,830, its highest level in almost three weeks, as chipmakers rallied and softer-than-expected US inflation supported risk appetite.