South Korean stocks soared almost 2 percent Thursday as investors bought bargains after four consecutive sessions of decline amid ongoing geopolitical risks in the Middle East and speculation about delays in US interest rate cuts. The Korean won rebounded sharply against the US dollar. The benchmark Korea Composite Stock Price Index gained 50.52 points, or 1.95 percent, to close at 2,634.7. Trade volume was moderate .
Korean stocks soared almost 2 percent Thursday as investors bought bargains after four consecutive sessions of decline amid ongoing geopolitical risks in the Middle East and speculation about delays in U.S. interest rate cuts. The Korean won rebounded sharply against the U.S. dollar.
According to Market.us, the projected worth of the Global Contract Development and Manufacturing Organization (CDMO) Market is estimated to reach approximately USD 322.7 Billion by 2033, up from USD 161 Billion recorded in 2023. This growth trajectory signifies a Compound Annual Growth Rate (CAGR) of 7.2% anticipate.
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