One of world’s strongest rallies propels South Korea stocks to two-year high
SOUTH Korean stocks climbed to the highest level in over two years as one of the worlds hottest rallies continued, fueled by ever-growing demand for technology shares.
The Kospi index gained 1.4% to close at 2,418.67, the highest since June 2018. The gauge has surged 73% in dollar terms since the global market low on March 23, beating all other national benchmarks except Argentinas.
Kospis relative strength is due to South Koreas success in managing Covid-19, its heavy weighting of tech compan…