Seoul - Shares surged more than 2 per cent Friday on the Seoul stock exchange, tracking gains in the US market.

The benchmark Kospi index soared 34.68 points, or 2.4 per cent, to close at 1,477.92.

Advancing issues outpaced decliners 670 to 157.

The main index of the technology-heavy Kosdaq market rose 12.13 points to 466.91.

On currency markets, the US dollar was quoted at 1,109.10 Korean won, after trading at 1,109.5 won on Thursday.