South Korea's KOSPI closes up 2.41%, snaps seven-week losing streak with 11.5% weekly gain

South Korea's KOSPI index closed 164 points higher, or 2.41%, at 6,977.34, capping an 11.5% gain for the week and ending a seven-week losing streak. The move marks a strong weekly reversal for the country's benchmark equity index after a prolonged stretch of declines, according to PANews citing Bybit market data.