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Korean shares advance in late morning tradingBy Im Eun-byel
Published : June 26, 2017 - 13:32
The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.79 points, or 0.37 percent, to 2,387.39 as of 11:20 a.m. The index hit a new intra-day record high of 2,388.19 points at one point.
Most large caps traded in positive territory with market kingpin Samsung Electronics adding 0.88 percent and global chipmaker SK hynix up 2.46 percent.
Top automaker Hyundai Motor gained 0.3 percent, while its smaller affiliate Kia Motors traded 0.26 percent lower.
POSCO, the No. 1 steelmaker, advanced 1.11 percent.
Naver, the operator of the country's top Internet portal, rose 0.34 percent.
The local currency was trading at 1,134.50 won against the US dollar, up 4.3 won from the previous session's close. (Yonhap)
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