BENGALURU : South Korean shares posted their biggest jump in more than a year on Thursday, buoyed by hopes of investor-friendly market reforms by president elect Yoon Suk-yeol, while oil paring steep gains also lifted sentiment.
He has also pledged to improve rules on short-selling of stocks and protect individual investors from spin-off initial public offerings. "Anyway will be a 'thank you' to institutional investors. These will add boost to the markets... and lead to stronger inflow of overseas passive and active funds," a Seoul-based fund manager, who did not want to be named.
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