While many industries are reeling amid global lockdowns and plunging consumer demand, Korea's food industry is having a banner year. Food companies are reporting on-year increases for the first quarter, with some firms pushing to all-time records.
Stocks rose by more than 1 percent Wednesday as investors bet on the reopening of businesses around the globe after coronavirus lockdowns. The won rose sharply against the dollar.The benchmark Kospi gained 33.39 point to close at 1,928.76.
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations that fuel demand would begin to pick up.