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Seoul: Shares push winning streak to 7 days; won edges higher

Thursday, February 26, 2015 - 14:30
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South Korean shares reversed early losses to close higher for a seventh consecutive session on Thursday, with risk appetites underpinned by Federal Reserve Chair Janet Yellen's hints that the central bank was in no hurry to raise interest rates.

[SEOUL] South Korean shares reversed early losses to close higher for a seventh consecutive session on Thursday, with risk appetites underpinned by Federal Reserve Chair Janet Yellen's hints that the central bank was in no hurry to raise interest rates.

The Korea Composite Stock Price Index (KOSPI) gained 0.13 per cent to end at 1,993.08 points, another five-month closing high.

The South Korean won crept higher against the dollar, finding support from exporter demand for month-end settlements.

The local currency was quoted at 1,097.2 to the dollar at the conclusion of onshore trade, compared to 1,099.0 at the close of Wednesday's session.

REUTERS