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S. Korean shares trade high on Samsung, blue-chip gains

All Headlines 11:30 March 10, 2016

SEOUL, March 10 (Yonhap) -- South Korean shares traded higher late Thursday morning, led by gains in Samsung Electronics and other large-cap issues.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 11.6 points, or 0.59 percent, to 1,964.55 as of 11:20 a.m.

Market bellwether and tech giant Samsung Electronics helped boost market mood by jumping 2.25 percent.

No. 1 portal operator Naver gained 2.14 percent, while Daewoo Shipbuilding & Marine Engineering surged 2.73 percent on expectations for a rebound in earnings.

Lotte Confectionery, a food unit of Lotte Group, also continued to gain ground following a 10-for-1 stock split plan announced earlier this week.

The local currency was changing hands at 1,211.25 won against the greenback, up 4.95 won from the previous day's close.

kokobj@yna.co.kr
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