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Seoul: Shares, won rise on crude gains, improved risk appetites

South Korean shares reversed sharp early declines to close higher on Thursday while the country's currency pared losses against the dollar as the investor appetite for risk assets regained momentum.

[SEOUL] South Korean shares rose on Monday following a strong lead from Wall Street, as risk sentiment improved on rallying oil prices and gains in equities in Asian emerging markets.

The Korea Composite Stock Price Index (KOSPI) ended the day up 0.7 per cent at 1,893.43 points, its highest closing level since Jan 15.

Foreign investors were net sellers for a 13th straight day, offloading a net 82.3 billion won (S$98.45) of shares on the main board, preliminary data showed.

The South Korean won ended local trade at 1,194.2, up 0.5 per cent from the previous close. The local currency has risen three consecutive sessions.