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KOPSI Ends Higher on China's Rate Cut

Written: 2014-11-24 15:33:59Updated: 2014-11-24 17:36:20

KOPSI Ends Higher on China's Rate Cut

South Korean shares ended higher on China's surprise cut of its benchmark interest rate.

The benchmark Korea Composite Stock Price Index (KOSPI) on Monday rose 13-point-70 points, or seven tenths of a percent, to close at one-thousand-978-point-54.

The tech-laden KOSDAQ dropped two-point-05 points, or zero-point-38 percent, to close at 541-point-93.

On the Seoul foreign exchange market, the local currency gained one-and-a-half won against the U.S. dollar to close at one-thousand-112-point-three won.

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