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SEOUL, March 10 South Korean shares ended at a
more than one-week high on Friday as investment sentiment
improved after the Constitutional Court removed President Park
Geun-hye from office over a graft scandal involving the
The Korea Composite Stock Price Index (KOSPI) closed
up 0.3 percent at 2,097.35 points, the highest since March 2.
"Today's ruling will help remove market uncertainty. Should
the liberal party, which emphasises reform of conglomerates,
take power, this will put pressure on heavyweight shares like
Samsung Electronics," said Park Jung-Hoon, fund manager at HDC
Asset Management in Seoul.
Offshore investors marked a fifth straight session of stock
purchases, buying a net 160 billion won ($138.24 million) worth
of KOSPI shares for the day.
The index gained 0.9 percent for the week, its biggest
weekly percentage gain since mid-January.
The South Korean won also gained slightly to be
quoted at 1,157.4 to the dollar at the conclusion of onshore
trade, up 0.1 percent compared to Thursday's close of 1,158.1.
(Reporting by Dahee Kim; Editing by Jacqueline Wong)