Korea Stocks Extend Gains After Move to Ban Double Listings

South Korean stocks jumped after authorities moved to restrict publicly traded companies from listing certain subsidiaries, curbing a practice long blamed for diluting shareholder value.

The benchmark Kospi surged 5%, extending gains for a third session, after Financial Services Commission Chairman Lee Eog‑weon announced new measures at an investor meeting in Seoul on Wednesday. A more than 5% jump in Kospi 200 futures also triggered a halt in program trading to curb volatility.