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Shares surge 2.4 per cent in Seoul

Shares surge 2.4 per cent in SeoulSeoul - Shares climbed 2.4 per cent Monday on the Seoul stock exchange on eased concerns over the economy. South Korea's currency surged to a one month-high against the dollar.

The benchmark Kospi index advanced 28.56 points to close at 1,199.50, up 2.44 per cent. Advancing stocks outpaced losers 656 to 168.

The main index of the technology-heavy Kosdaq market increased 8.52 points, or 2.13 per cent, to 409.23.

On currency markets, the US dollar was quoted at 1,391.60 Korean won, after 1,412.50 won last Friday. (dpa)

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