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Seoul stocks start higher as Trump exempts countries from steel tariffs

All Headlines 09:30 March 09, 2018

SEOUL, March 9 (Yonhap) -- South Korean shares opened higher Friday as U.S. President Donald Trump signed off on levying 25 percent tariffs on imported steel and aluminum products but exempted Canada and Mexico.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 21.75 points, or 0.89 percent, to 2,454.73 in the first 15 minutes of trading.

Most large caps traded mixed, with market kingpin Samsung Electronics adding 0.77 percent.

Top automaker Hyundai Motor fell 0.65 percent, and top steelmaker POSCO declined 1.68 percent.

The local currency was trading at 1,071.20 won against the U.S. dollar, down 1 won from the previous session's close.

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