FX.co ★ South Korea Shares Rise on Financial Sector Gains

On Wednesday, the benchmark KOSPI index saw a 0.6% increase, closing at 3,134, as it continued its upward trajectory. This momentum was largely fueled by substantial gains in financial stocks. Securities firms experienced a surge of 5.9%, while major financial groups rose by 1.9%. This positive movement was attributed to investor optimism surrounding proposed capital market reforms by President Lee Jae-myung. Although foreign investors were net sellers, divesting approximately KRW 354 billion, robust domestic demand bolstered the market. Additionally, hopes regarding the postponement of U.S. tariff hikes contributed positively to market sentiment. Notable corporate performers included LG Energy Solutions with a 0.3% increase, Samsung Biologics which rose by 0.2%, and Hanwha Aerospace, climbing by 4.2%.