South Korean stocks surge over 8% to surpass 7,800 points: LG Electronics soars 30% and hits the daily limit, Hyundai Motor and Kia rise over 13%

Golden Finance, May 21st｜The rise in the Korean stock market continues to expand, with the Korea Composite Index climbing 8.3% to 7,805 points. Among major stocks, LG Electronics soared 30% to hit the daily limit, Hyundai Motor and Kia both rose more than 13%, SK Hynix gained over 11%, and Samsung Electronics increased more than 8%. On the news front, a provisional wage negotiation agreement was reached between Samsung Electronics labor and management, and the strong performance of Nvidia has boosted market sentiment.