South korean stocks and won rise after clear winner in presidential election.


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South Korea's KOSPI Composite index jumped 2.7% on Wednesday to a 10-month high after opposition candidate Lee Jae-myung won a clear victory in the country’s presidential election. Lee


received 49.4 per cent of votes cast, ahead of the 41.2 per cent taken by conservative rival Kim Moon-soo, according to the National Election Commission. Investors hoped that the choice of


Lee, who was the candidate for the left-leaning Democratic party, would herald a calmer period after a string of political upheavals that included the previous president briefly declaring


martial law.