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STOCKS - SEOUL SHARES JUMP ON EASED FINANCIAL WOES - NOV 3, 2008.

AsiaPulse News

| November 03, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Nov. 3 Asia Pulse - South Korean stocks opened sharply higher Monday on eased financial woes, continuing their rally following a recent currency swap deal with the United States, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) jumped 25.95 points, or 2.33 per cent, to 1,139.01 in the first 15 minutes of trading.

On Thursday, the Bank of Korea, the nation's central bank, announced that it had reached an agreement with the Federal Reserve of the U.S. on a US$30 billion currency swap aimed at thawing the frozen ...

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Source: HighBeam Research, STOCKS - SEOUL SHARES JUMP ON EASED FINANCIAL WOES - NOV 3, 2008.

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