Seoul shares sharply rebound to end at fresh peak on tech rally; won drops

South Korean stocks rebounded by more than 2 percent to settle above the 7,800-point mark Wednesday as investors scooped up semiconductor and auto shares amid lingering Middle East tensions ahead of the US-China summit. The local currency declined against the US dollar. Opening 1.69 percent lower, the benchmark Korea Composite Stock Price Index reversed course to close at 7,844.01, up 200.86 points, or 2.63 percent. The index fell 2.29 percent to finish at 7,643.15 on Tuesday on profit hunting,

By The Korea Herald