South Korea · General

Seoul shares shoot up nearly 6.5 pct to over 7,300 on chip rally, Mideast hopes; won rises

· By Kim Boram
Story summary

SEOUL, May 6 (Yonhap) -- South Korean stocks shot up nearly 6.5 percent Wednesday, extending a record-breaking run to top the 7,300-point mark, driven by a semiconductor rally and optimism for a potential peace deal in the Middle East. The local currency also strengthened against the U.S. dollar.

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