FX.co ★ South Korea Shares Recover on Currency Support Measures

On Thursday, the benchmark KOSPI index increased by 1.05%, reaching approximately 3,100, rebounding from a 0.4% decline observed in the previous session. This uptick in investor sentiment was prompted by the Bank of Korea's renewed measures to stabilize financial markets. On Wednesday, the central bank successfully issued two-year currency stabilization bonds amounting to KRW 2.33 trillion, slightly surpassing its intended target of KRW 2.30 trillion. This initiative was designed to support the won, bolster market confidence, and provide advantages to export-focused and foreign-sensitive industries. In the corporate sector, leading advances were seen among major technology and automotive companies, including Samsung Electronics (up 2.47%), LG Energy Solution (up 1.49%), Kia Corporation (up 0.50%), and Hyundai Motor (up 0.47%).