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Article: Seoul shares end higher on Citigroup news.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- November 28, 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 (Yonhap) -- Reversing earlier losses, South Korean stocks closed higher Tuesday, as a planned fund injection to Citigroup eased investor concerns over 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 percent, 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 Citigroup Inc. will raise a fund to help ...
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