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Korea Republic of : Seoul: Stocks rise on hopes of smaller US tariffs; won flat

Mar 08, 2018 (Euclid Infotech Ltd via COMTEX) --

South Korea's KOSPI stock index rose to a more than one-week closing high on Thursday. The South Korean won held flat in the local platform while bond yields fell.

At 0633 GMT, the KOSPI was up 31.26 points, or 1.30 per cent, at 2,433.08. The benchmark stock index rose as investment sentiment revived on hopes of smaller U.S. trade tariffs. The won was quoted at 1,070.2 per dollar on the onshore settlement platform, 0.1 per cent weaker than its previous close at 1,069.1.

In offshore trading, the won was quoted at 1,069.14 per US dollar, down 0.25 per cent from the previous day, while in one-year non-deliverable forwards it was being asked at 1,060.6 per dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.98 per cent, after US stocks ended the previous session with mild losses. Japanese stocks rose 0.54 per cent.

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