South Korean shares rallied by more than 1 percent on Wednesday, extending its rise to a fifth consecutive day as foreign investors scooped up tech and auto shares, analysts said. The local currency fell against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 27.9 points, or 1.41 percent, to 2,010.83. The index reached as high as 2,014.05 at one point. Wednesday's close marks the highest since December 30 when the index closed at 2,011.34 points. Trading volume was moderate at 229 million shares worth 3.64 trillion won (US$3.55 billion), with gainers outpacing losers 488 to 304.