Seoul shares spike over 5 pct to approach 7,000 on chip rally; won sharply up

SEOUL, May 4 (Yonhap) -- South Korean stocks shot up by more than 5 percent to close at a fresh high Monday, approaching the 7,000-point mark, as investors scooped up semiconductor shares while awaiting developments in U.S.-Iran peace talks. The Korean won rose sharply against the U.S. dollar.

Opens the original publisher in a new tab. Full articles belong to their publishers; a subscription may be required.