KOSPI soars

A screen in the dealing room of Hana Bank in Seoul shows the benchmark Korea Composite Stock Price Index having risen 31.14 points, or 1.21 percent, to close at 2,605.12 on Aug. 9, 2023. South Korean stocks finished sharply higher, snapping the five-day losing streak on hopes that the Federal Reserve's further rate hikes could be over. (Yonhap)

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