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South Korea's KOSPI index surged 2.41% on Friday to 6,977.34 points, bringing its weekly gain to 11% and ending a seven-week losing streak.
Asian-Pacific markets generally rose, influenced by cooling US inflation and reduced market expectations for a September interest rate hike by the Federal Reserve. The Korea Composite Stock Price Index (KOSPI) closed at 6,977.34 points on Friday, accumulating an 11% gain this week, ending a seven-week losing streak. Meanwhile, Samsung Electronics and SK Hynix both saw gains of over 15% in the past five trading days.
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