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South Korea: Shares close at highest level since August 2011


[SEOUL] South Korean shares edged up on Wednesday on hopes global funds will continue to head for emerging markets and that China will take new stimulus moves after its growth slowed in the first quarter.

The Korea Composite Stock Price Index (KOSPI) rose for a fourth consecutive session, climbing 0.4 per cent to 2,119.96, its highest close since Aug 2, 2011.

The won ended onshore trade down 0.3 per cent at 1,096.8 per dollar from the previous close at 1,094.0.