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Seoul: Shares bounce sharply on positive US data; won firmer

Thursday, January 8, 2015 - 14:22
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South Korean shares rebounded sharply from 16-month lows hit this week, with Thursday's trading supported by upbeat US jobs data and a pause in tumbling global oil prices.

[SEOUL] South Korean shares rebounded sharply from 16-month lows hit this week, with Thursday's trading supported by upbeat US jobs data and a pause in tumbling global oil prices.

The Korea Composite Stock Price Index (KOSPI) ended up 1.1 per cent at 1,905.65 points.

The South Korean won edged higher after a choppy session, underpinned by foreign capital inflows as risk appetite picked up on the positive US data.

The local currency was quoted at 1,096.9 to the dollar at the conclusion of onshore trade, compared to 1,099.9 seen at the end of Wednesday's session.

REUTERS