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Seoul: Stocks rise, tracking Wall St rally; surging virus cases weigh

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[SEOUL] South Korean shares rose on Wednesday, somewhat recovering from a 2.5 per cent decline in the previous session, as global mood improved after the S&P 500 scaled a record peak overnight. Gains, however, were capped by the biggest one-day jump in domestic coronavirus cases in more than five months. Read more at The Business Times.

[SEOUL] South Korean shares rose on Wednesday, somewhat recovering from a 2.5 per cent decline in the previous session, as global mood improved after the S&P 500 scaled a record peak overnight. Gains, however, were capped by the biggest one-day jump in domestic coronavirus cases in more than five months.

Worries that surging Covid-19 cases and the tightened social distancing measures would weigh on the economic activity sapped sentiment, although the impact on financial markets seems to be limited so far, said Lee Kyoung-min, an analyst with Daishin Securities.

 

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