Seoul Shares Snap Five-Day Rise, Open Up 0.95% and Close Up 0.83% Amid Wall Street Gains

Seoul shares experienced a volatile week, initially opening nearly flat on August 19 due to profit-taking and subsequently declining throughout the morning. This marked a halt to a five-day rise in the market, attributed to anticipation surrounding remarks from the Federal Reserve chairman and a strengthening South Korean won, which reached a five-month high. On August 20, Seoul shares rebounded sharply, opening up by 0.95% as they responded positively to gains on Wall Street. By late morning, the index continued to rise, closing unofficially up by 0.83%. Meanwhile, Tokyo stocks also reflected a similar trend, opening lower on August 19 but rising in response to Wall Street's performance and a weaker yen on August 20, indicating a broader regional market movement influenced by global trends.