South Korea Shares Rise on Financial Sector Gains
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The benchmark KOSPI rose 0.6% to close at 3,134 on Wednesday, extending its upward momentum supported by strong gains in financial stocks.
Securities firms jumped 5.9% and major financial groups gained 1.9%, driven by investor optimism over President Lee Jae-myung’s proposed capital market reforms. Despite foreign investors being net sellers, offloading about KRW 354 billion, domestic demand held firm supporting the market.
Trade optimism over delayed US tariff hikes also added relief to sentiment.
On the corporate front, gains were led by LG Energy Solutions (0.3%), Samsung Biologics (0.2%), and Hanwha Aerospace (4.2%).
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