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2025-10-31 11:20:10
[South Korean Stocks on track for biggest monthly gain since 2001] South Korean stocks rose on Friday, on track for their biggest monthly gain since January 2001, as progress in trade negotiations boosted market sentiment. The won strengthened and benchmark government bond yields rose. The Korea Composite Stock Price Index (KOSPI) rose 0.75% to 4,117.38 points. The index has gained 20% in October and 4.4% for the week, on track for its fifth consecutive weekly gain and a record high. Among the leading stocks, chipmaker Samsung Electronics rose 1.3%, while peer SK Hynix fell nearly 1%. Battery maker LG Chem fell 1.9%. Hyundai Motor and its affiliate Kia Motors surged 8.3% and 4.2%, respectively. Steelmaker POSCO fell 0.9%. The KOSPI is up 71.59% year-to-date. The won has appreciated 3.0% against the dollar year-to-date.
