(Bloomberg) -- South Korean stocks advanced after
the Bank of Korea raised interest rates, reinforcing confidence
in the nation's economic recovery. Shinhan Financial Group Ltd.
led the climb.
Samsung Electronics Co. extended gains after the central
bank raised its benchmark interest for the first time in almost a
year to 4.75 percent. The Bank of Korea and the government had
raised their forecasts for this year's economic expansion earlier
this week.
Read more at Bloomberg Stocks News
the Bank of Korea raised interest rates, reinforcing confidence
in the nation's economic recovery. Shinhan Financial Group Ltd.
led the climb.
Samsung Electronics Co. extended gains after the central
bank raised its benchmark interest for the first time in almost a
year to 4.75 percent. The Bank of Korea and the government had
raised their forecasts for this year's economic expansion earlier
this week.
Read more at Bloomberg Stocks News
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