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Post by bot on Nov 23, 2012 7:52:35 GMT -5
South Korean stocks inch up on major exporters from MarketWatch.com - MarketPulse HONG KONG (MarketWatch) -- South Korean stocks edged higher on Friday as major auto and electronic makers advanced even as steel makers and banks slipped in thin trading in the absence of cues from Wall Street and Japan. The benchmark Kospi rose 0.2% to 1,903.76, with Hyundai Motor Co. climbing 1.9% and heavyweight Samsung Electronics Co. rising 0.7%. Steel major Posco dropped 0.8% and Shinhan Financial Group Co. slipped 0.4%. While U.S. markets were closed overnight for Thanksgiving and the Japanese market was shut Friday for a holiday, European stocks had climbed on Thursday, offering a positive lead. Elsewhere in the region, Australia's S&P/ASX 200 dropped 0.3% after recording solid gains in the previous session on a drop in resource stocks.
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