The Kopi rose 10.69 points, or 0.39 percent, to close at 2,745.05.
Shares surged more than 2 percent as hopes of a U.S. rate cut lifted investor sentiment. Samsung and SK hynix were among major gainers.
The Korean won has stabilized against the dollar and is expected to hold steady in the absence of worsening tension in the Middle East.
The International Monetary Fund's Asia director said the current exchange rate volatility does not pose a significant challenge to Korea, calling for the Bank of Korea to decouple from the U.S. Federal Reserve's monetary policy.
Lee's idea of gaining popularity at the expense of damaging the public finance and national credibility won’t please that many people.
The finance ministers of Korea and Japan jointly addressed the recent drastic depreciation of their respective countries' currencies against the dollar, signaling potential market intervention on Tuesday.
Korea’s stock market retreated and the won reached its weakest point against the greenback in 17 months on Monday as tensions in the Middle East escalated following Iran’s recent strikes against Israel.
Stocks opened a tad lower Wednesday, tracking overnight losses on Wall Street.
Korea JoongAng Daily Sitemap