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S. Korean shares soar after China data, Wall Street gains

All News 11:29 April 14, 2016

SEOUL, April 14 (Yonhap) -- South Korean stocks were bullish in late morning trade Thursday, riding on China's strong trade data and gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) jumped 22.55 points, or 1.14 percent, to 2,003.87 as of 11:20 a.m.

Top market cap Samsung Electronics gained 1.88 percent, and industry leader Hyundai Motor rose 1.35 percent.

Leading steelmaker POSCO added 3.78 percent, and cosmetics giant AmorePacific was up 0.75 percent.

China said on Wednesday that its exports soared 11.5 percent on-year in March, adding to hopes for a recovery in the world's second-largest economy.

In New York, the Dow Jones industrial average jumped 187.03 points, or 1.06 percent, to 17,908.28, after JPMorgan Chase & Co. reported better-than-expected earnings and its shares soared 4.2 percent.

South Korea's won was quoted at 1,155.80 against the U.S. dollar as of 11:20 a.m., down 10.50 won from the previous session's close.


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