K Bank Surges 11.13% to 6,390 Won on July 16 as Internet Banks Rally on Rising Rates

According to Korea Exchange data, K Bank stock surged 11.13% to 6,390 won this morning on July 16, with an intraday high of 6,850 won, up 19.13%. Internet and smaller bank stocks strengthened as improved earnings expectations from rising interest rates combined with defensive positioning during market declines to drive buying.
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