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Seoul: Stocks finish at all-time high, won edges up


[SEOUL] South Korean shares closed at a life-time high on Monday, largely boosted by gains in major tech shares like Samusung Electronics and SK Hynix.

The Korea Composite Stock Price Index (Kospi) ended up 0.4 per cent at 2,388.66 points, its highest closing level.

Offshore investors were small net sellers of Kospi shares for the day while individuals purchased a net 21.4 billion won (S$26.1 million) worth.

The South Korean won edged up for its third day of gains as the US dollar lost momentum due to weaker-than-expected US economic indicators.

The won was quoted at 1,137.1 to the US dollar at the conclusion of onshore trade, up 0.2 per cent compared to Friday's close of 1,138.8.