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S. Korean shares up with European markets, foreign buying

All News 11:33 January 03, 2017

SEOUL, Jan. 3 (Yonhap) -- South Korean shares traded higher late Tuesday morning, taking their cues from gains in the European markets and supported by foreign investors buying shares.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 9.32 points, or 0.46 percent, to 2,035.48 as of 11:20 a.m.

Trading volumes were largely tepid, but the market was also supported by the data showing that China's manufacturing
sector advanced last month, analysts said.

Large caps traded mixed with market kingpin Samsung Electronics adding 0.78 percent, and global chipmaker SK hynix up 2.4 percent.

Top automaker Hyundai Motor remained flat and its smaller affiliate Kia Motors traded 1.65 percent lower.

POSCO, the No.1 steelmaker, fell 1.73 percent.

Naver, the operator of the country's top Internet portal, shed 1.03 percent.

The local currency was trading at 1,207.15 won against the U.S. dollar, up 0.85 won from the previous session's close.

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