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S. Korean shares climb in late morning trading

All News 11:24 February 10, 2017

SEOUL, Feb. 10 (Yonhap) -- South Korean shares traded higher late Friday morning, following overnight gains on Wall Street after U.S. President Donald Trump pledged to cut taxes on businesses.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 9.2 points, or 0.45 percent, to 2,075.08 as of 11:20 a.m.

Large caps traded mixed with market kingpin Samsung Electronics adding 0.62 percent, and global chipmaker SK hynix down 2.85 percent.

Top automaker Hyundai Motor fell 0.36 percent, while its smaller affiliate Kia Motors traded 0.27 percent higher.

POSCO, the No.1 steelmaker, advanced 1.29 percent.

Naver, the operator of the country's top Internet portal, rose 0.51 percent.

The local currency was trading at 1,152.30 won against the U.S. dollar, down 7.3 won from the previous session's close.

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