South Korean shares climbed on Tuesday recouping some of the previous day's sharp losses, but uncertainties remained high amid a worsening diplomatic and economic spat with Japan, ahead of the US Federal Reserve's policy meeting.[SEOUL] South Korean shares climbed on Tuesday recouping some of the previous day's sharp losses, but uncertainties remained high amid a worsening diplomatic and economic spat with Japan, ahead of the US Federal Reserve's policy meeting.
Uncertainty has persisted over the relationship with Japan, said Cho Byung-hyun, an analyst at Yuanta Securities Korea, noting that eyes will now be on developments from the Asean Regional Forum . Amid a deepening row between neighbours, South Korea's underwear makers surged as South Korean boycott of Japanese clothing brands intensified, making the textile sub-index the biggest percentage gainer among KOSPI sub-indexes with a 2.5% rise.