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Seoul shares slightly higher in late Tuesday morning trading

All News 11:31 August 07, 2018

SEOUL, Aug. 7 (Yonhap) -- South Korean shares traded slightly higher late Tuesday morning as foreign buyers scooped up big cap stocks amid a massive selling spree by institutions.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 4.3 points, or 0.19 percent, to 2,290.8 as of 11:20 a.m.

The index initially opened lower despite overnight gains on Wall Street. On Monday (local time), U.S. stocks ended higher on sound second-quarter corporate earnings reports. The S&P added 0.35 percent, and the Nasdaq Composite Index was up 0.61 percent. The Dow Jones industrial average increased 0.16 percent.

Top cap Samsung Electronics advanced 1.75 percent; SK hynix, a leading memory chipmaker, moved up 1.01 percent; and bio firm Celltrion gained 0.18 percent.

The local currency was trading at 1,126.6 won against the U.S. dollar as of 11:20 a.m., down 2.6 won from Monday's close.


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