The benchmark Korea Composite Index closed up by 1.1% at 2612.43 points, with battery and industrial material stocks leading the gains. Institutions investors remain net buyers.
Electric car battery manufacturers Samsung SDI and LG New Energy rose by 8.2% and 2.3% respectively. Battery material supplier Posco Future M surged by 7.1%. Chemical company LG Chem rose by 5.1% ahead of its quarterly performance report later today. Samsung Electronics, a heavyweight in the index, gained 3.9% as the company is set to release its third-quarter results on Thursday.
The USD/KRW fell by 0.3% in onshore trading in Seoul, to 1385.00 Korean Won. The yield on the 10-year South Korean government bonds rose by 5.8 basis points, to 3.112%.
