Overview
- South Korea’s benchmark index rose 1.43% to 4,056.41 on Wednesday, recovering from a nine-day low the prior session.
- Samsung Electronics jumped 4.96% and SK hynix gained 3.96%, with analysts saying their advances drove much of the index’s rise.
- The rebound followed U.S. data showing 64,000 November job additions and a rise in unemployment to 4.6%, a mixed signal that encouraged bargain hunting.
- Flows turned more balanced: foreigners were small net sellers, institutions bought on net, and retail investors sold on net, reversing the previous day’s pattern.
- The won weakened to 1,479.8 per dollar, its lowest close since April 9, as officials extended a $65 billion FX swap with the state pension operator.