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Seoul shares sharply up in late morning trade

All News 11:35 June 07, 2016

SEOUL, June 7 (Yonhap) - South Korean stocks traded sharply higher late Tuesday morning as weaker than expected job data from the U.S. reduced the chance of an imminent rate hike in the world's largest economy.

The benchmark Korea Composite Stock Price Index (KOSPI) jumped 18.77 points, or 0.95 percent, to 2,004.61 as of 11:20 a.m.

Top market cap Samsung Electronics gained 1.45 percent, while top automaker Hyundai Motor slipped 0.36 percent.

Leading steelmaker POSCO added 6.4 percent, and cosmetics giant AmorePacific was also up 1.54 percent.

South Korea's won was trading at 1,164.7 against the U.S. dollar, sharply up 18.9 won from the previous session.


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