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S. Korean stocks up in late Monday morning

All News 11:24 September 05, 2016

SEOUL, Sept. 5 (Yonhap) -- South Korean stocks advanced late Monday morning, led by gains in techs and autos, on eased concerns over an imminent rate hike in the United States.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 18.58 points, or 0.91 percent, to 2,056.89 as of 11:20 a.m.

Data by the U.S. Labor Department showed that U.S. payrolls climbed by 151,000 last month following a 275,000 gain in July, lower than an expected addition of some 180,000 jobs, sapping speculations that the U.S. Fed may raise its interest rates soon any time, probably this month.

Top market cap Samsung Electronics rose 0.06 percent, and major chipmaker SK hynix was up 2.18 percent.

Naver, the country's top portal operator, advanced 2.05 percent.

Hyundai Motor, the country's top automaker, gained 2.22 percent and its smaller affiliate Kia Motors advanced 0.72 percent.

The South Korean won was trading at 1,108.90 won against the U.S. greenback, up 8.3 won from the previous session's close.


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