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S. Korean shares start up on auto gains

[THE INVESTOR] South Korean shares started the day slightly up Aug. 23, bouncing back from sharp drops the day before.

The benchmark KOSPI gained 3.63 points, or 0.18 percent, to go to 2,045.79 in the first 15 minutes of trading.

On Monday, the index lost 14.08 points, or 0.68 percent, to close at 2,042.16.



Large caps traded mixed with most tech shares in negative terrain.

Market bellwether Samsung Electronics shed 0.12 percent, while global chipmaker SK hynix remained flat at 36,000 won.

Top automaker Hyundai Motor spiked 1.14 percent, with its smaller affiliate Kia Motors advancing 0.48 percent.

The local currency was trading at 1,118.85 won against the US dollar, strengthening 7.65 won from Monday’s close.


(theinvestor@heraldcorp.com)
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