South Korean stock markets extend gains led by Samsung
Seoul shares extended their gains on Wednesday, with the KOSPI Index rising 2.42% led by Samsung Electronics. This recovery follows a previous selloff driven by US recession fears. Despite global market jitters, key stocks like SK Hynix and Hyundai Motor also advanced. The won traded at 1,376.40 against the US dollar, while experts suggest US recession concerns may be overstated
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Seoul stock market bounces back: KOSPI up 3.3% after previous sell off; Image | Pixabay