The Kospi gained 0.7 percent in the past five days, its third straight weekly advance. Banks such as Woori Finance Holdings Co gained after Finance and Economy Minister Kim Jin Pyo said the economy is showing signs of rebounding.
Woori Finance, the nation's third-largest lender, climbed 12 percent in the week to 7750 won. Kookmin Bank, South Korea's largest lender, added 1.3 percent to 46,700 won.
In Sri Lanka, the Colombo All Share index dropped 9.9 percent in the week just ended, following an 8.2 percent slump last week. Sri Lanka Telecom Ltd, the biggest company by market capitalization, lost 15 percent this week to 21 rupees.
Meantime, Thailand's CP 7-Eleven Pcl, India's I-Flex Solutions Ltd. and PT Bank Danamon of Indonesia were among six stocks worldwide that Morgan Stanley Capital International Inc said it will include in its standard indexes of global stocks.
RSS