Seoul shares turn up

Posted by 7Star Tuesday, February 2, 2010

Seoul shares turned up on Monday helped by rises in automakers after firm January sales data, while Hynix rebounded on news shareholders extended a deadline for preliminary bids for a stake in the firm. The Korea Composite Stock Price Index (KOSPI) finished up 0.25 percent to 1,606.44 points. "There is not much buying appetite, with investors remaining cautious and liquidity drying up somewhat," said Yoo Soo-min, a market analyst at Hyundai Securities.

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