A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Nov. 2, 2023. Asian shares were mostly higher Thursday after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy. (AP Photo/Ahn Young-joon)
SEOUL: Investors in South Korea are betting on improving earnings and a recovery in global semiconductor sales to drive stock gains as they focus on long-term catalysts rather than this month’s surprise short-selling ban.
Global funds have started buying the nation’s equities again after three months of net sales, while South Korean exports rose in October for the first time this year.
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