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Article: STOCKS - SEOUL SHARES END HIGHER - NOV 27, 2007.
- Article from:
- AsiaPulse News
- Article date:
- November 27, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Nov 27 Asia Pulse - Paring earlier losses, South Korean stocks closed higher Tuesday as investor sentiment was improved by expectations that a fund injection to Citigroup would ease a global credit crunch, analysts said. The local currency ended flat against the greenback.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.46 points, or 0.24 per cent, to 1,859.79. Volume was moderate at 327.6 million shares worth 7.3 trillion won (US$7.85 billion), but losers outnumbered gainers 496 to 309.
"The main index traded lower in early trading on Wall Street losses. But it rebounded in late trading on a report that U.S. banking ginat ...