South Korean stock market surges to highest level since last Aug

The Korea Composite Stock Price Index (KOSPI) closed Wednesday at 2770.84 points, 2.66 percent higher than the previous day following Lee Jae-myung's presidential election victory.

This marks highest stock price level since August 1, 2024, driven by significant net buying from foreign investors and institutions.

At the same time, the South Korean won strengthened against the U.S. dollar, with the exchange rate reaching 1,369.5 KRW per USD as of 15:30 local time.

South Korean stock market surges to highest level since last Aug

South Korean stock market surges to highest level since last Aug

South Korean stock market surges to highest level since last Aug

South Korean stock market surges to highest level since last Aug

South Korean stock market surges to highest level since last Aug

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 14 pips to 7.0078 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 7.0078 against USD Friday