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South Korea August house prices rise for 24th mth: lender

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Seoul shares reversed early losses to close at a three-week high on Thursday as recently undervalued shares extended gains, while foreigners continuously offloaded local stocks.

[SEOUL] House prices in South Korea rose for their 24th consecutive month in August from the previous month, data from a top mortgage lender showed on Monday, supported by the country's easy monetary and financial policy.

The data from Kookmin Bank showed its composite home transactions price index rose 0.39 per cent in August from July and by 3.94 per cent from a year earlier. The annual growth marked the fastest since April 2012.

REUTERS