Yonhap Infomax NewsSouth Korea's KOSPI index surged past 3,240 after the Democratic Party supported keeping the major shareholder capital gains tax threshold at 5 billion won, fueling a rally in securities stocks and strong foreign futures buying.
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KOSPI Surges Past 3,240 as Democratic Party Backs Maintaining 5 Billion Won Major Shareholder Threshold; Securities Stocks Jump Over 4%
South Korea's KOSPI index surged past 3,240 after the Democratic Party supported keeping the major shareholder capital gains tax threshold at 5 billion won, fueling a rally in securities stocks and strong foreign futures buying.