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SEOUL Dec 8 South Korean shares on Thursday
rose nearly 2 percent, reaching their highest in more than 6
weeks on Thursday, tracking Wall Street's gains.
The Korea Composite Stock Price Index (KOSPI)
climbed 1.97 percent at 2,031.07 points, rising for a third
The index surged despite remarks from the finance ministry,
which expressed concerns about further risks to the economy from
"domestic issues" amid parliament's push to impeach President
South Korean lawmakers will hold an impeachment vote on Park
on Friday, a process that needs to be upheld by the
Constitutional Court if approved.
On the stock market, Chemical industry and banking shares
helped gains, jumping by 2.52 percent and 2.66 percent
Samsung Electronics Co. touched a record high
intraday and closed up 1 percent at 1,790,000 won.
The won was quoted at 1,158.5 to the dollar at
the conclusion of onshore trade, up 0.8 percent compared to
Wednesday's close of 1,167.9.
(Reporting by Cynthia Kim; Editing by Richard Borsuk)