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Seoul: Shares post small gains as oil prices rise; won flat
[SEOUL] South Korean shares rose slightly on Wednesday as oil prices changed course and bounced off 11-year lows, but gains were capped ahead of Christmas.
The Korea Composite Stock Price Index (KOSPI) closed up 0.3 per cent at 1,999.22 points, retreating back below 2,000-point level in afternoon trade.
Foreigners were initially net buyers, but then switched and became sellers for a 16th consecutive session.
The South Korean won was quoted at 1,173.1 per dollar, nearly unchanged from the previous close of 1,173.3 after being locked in a tight range all session.