The largest exchange-traded fund to track the South Korean equity market jumps to its highest level in more than two years following the country’s presidential election.
The largest exchange-traded fund to track the South Korean equity market rose on Tuesday, jumping to its highest level in more than two years following the country’s presidential election.
The liberal candidate Moon Jae-in was elected as the country’s next leader, winning by a substantial margin and ending nine years of conservative rule. Moon has advocated for closer ties with North Korea, and has said that South Korea needs to learn to say “no” to the U. S.
The election ended a five-month power vacuum in the country, which followed the impeachment of President Park Geun-hye on corruption charges.
