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Seoul: Stocks end up after touching 3-week high, won eases

Thursday, September 29, 2016 - 14:59

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[SEOUL] South Korean shares finished up on Thursday, after touching its highest intra-day level in three weeks following an agreement by Opec members to limit crude oil output, which sparked a rally in global shares.

The Korea Composite Stock Price Index (Kospi) closed up 0.8 per cent at 2,068.72 points, after reaching its highest level since Sept 7, 2016.

The won currency gave up its earlier gains, falling against the US dollar as refiners and foreigners sold it for the greenback, dealers said.

The won was quoted at 1,098.8 to the US dollar at the conclusion of onshore trade, down 0.2 per cent compared with Wednesday's close of 1,096.8.

REUTERS

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