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Seoul: Stocks extend winning streak to 4th session; won up

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 closed higher for a fourth straight session on Tuesday but gains were capped by foreign selling and weak commodity prices which weighed on resource companies.

Central bank data on Tuesday showed South Korean household credit grew by 3.0 per cent in the third quarter, which could fuel economic growth but also add to concerns about high debt burdens.

The Korea Composite Stock Price Index (KOSPI) finished up 0.6 per cent at 2,016.29 points.

Offshore investors sold a net 183.6 billion won (S$225 million) worth of KOSPI shares, preliminary data showed.

The South Korean won ended local trade up 0.4 per cent at 1,153.8 against the dollar.