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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

Seoul shares end higher on tech gains

  • PUBLISHED :May 21, 2018 - 16:43
  • UPDATED :May 21, 2018 - 16:43
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[THE INVESTOR] Seoul shares ended higher on May 21 as gains in technology stocks helped offset declines in other major stocks. The won fell against the US dollar.

The benchmark KOSPI rose 4.92 points, or 0.20 percent, to 2,465.57. Trade volume was moderate at 570.42 million shares worth 5.97 trillion won (US$5.50 billion), with decliners outnumbering advancers 415 to 412.

Technology shares led gains, with market bellwether Samsung Electronics rising 1.01 percent to 50,000 won and No. 2 chipmaker SK hynix climbing 1.37 percent at 89,100 won.

Among other gainers, leading steelmaker POSCO rose 0.14 percent to 361,000 won and top refiner SK Innovation was up 0.49 percent to 207,000 won. 

But top carmaker Hyundai Motor fell 0.67 percent to 149,000 won, No. 1 chemical firm LG Chem declined 1.60 percent to 338,500 won and utility firm Korea Electric Power Corp. was down 1.38 percent to 35,700 won.

The local currency closed at 1,085.40 won against the US dollar, down 7.80 won from the previous session.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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