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Seoul: Stocks climb in line with regional stocks; won eases

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[SEOUL] South Korea shares rose more than 1 per cent on Tuesday as regional markets extended gains and oil prices jumped, encouraging foreign buyers to jump back into the market.

The Korea Composite Stock Price Index (KOSPI) closed up 1.4 per cent at 1,888.29 points.

Foreign investors purchased a net 95.6 billion won (S$110.3 million) worth of KOSPI shares on the main board, snapping a three-day selling streak.

The South Korean won eased against the dollar, tracking the softer yuan.

The won ended local trade down 0.7 per cent at 1,216.6 per dollar, after losing as much as 0.9 per cent to 1,219.4.

REUTERS