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Seoul Index Reaches New Six-Month High, Trading Session Increases by 1.6%
The South Korean stock market just experienced an impressive trading session as the Seoul Composite Index hit a new record high. According to RTHK, although the index initially showed a decline of nearly 1%, it quickly rebounded and regained upward momentum.
Reversing Direction, Korean Stocks Rise
The trading session ended on a very positive note, with the Seoul Composite Index closing at 5,371 points, up 83 points, or 1.57%. The shift from an initial decline to a significant increase demonstrates strong buying demand in the late trading phase.
New Record for Market Cap
The new all-time high of the Seoul Index marks an important milestone for the South Korean stock market, reflecting investor optimism about economic prospects. The 1.6% increase indicates that Korean stocks are maintaining steady growth on a new level, creating favorable conditions for investors.