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SEOUL, July 17 (Reuters) – South Korean shares closed at a
record high on Monday as global investors snapped up riskier
assets on views that the U.S. central bank will proceed
cautiously with further policy tightening.
The Korea Composite Stock Price Index (KOSPI) closed
up 0.4 percent at 2,425.10 points.
Foreign investors turned to net sellers, offloading 42.7
billion won ($37.86 million) worth of KOSPI shares for the day.
The South Korean won also shined on enhanced risk
appetite, ending at over a four-week high.
The won was quoted at 1,128.3 to the dollar at
the conclusion of onshore trade, the highest close since June
It was up 0.4 percent compared to Friday’s close of 1,133.3.
(Reporting by Dahee Kim; Editing by Kim Coghill)