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SEOUL, March 17 South Korean shares brushed a
23-month high on Friday as market-heavy Samsung Electronics
rallied to another record high, while foreign investors
continued their buying-spree of local equities.
The Korea Composite Stock Price Index (KOSPI) closed
up 0.7 percent at 2,164.58 points, the highest close since April
For the week, the index rose 3.2 percent, its biggest weekly
percentage gain since July 2016.
Samsung Electronics Co Ltd was up 1.3 percent,
marking the fifth straight session of gains.
Offshore investors have been stock buyers for 10 consecutive
sessions, purchasing a net 251.63 billion won ($222.55 million)
worth of KOSPI shares for the day.
The South Korean won was steady throughout the
day, standing at 1,130.9 to the dollar at the conclusion of
onshore trade compared to Thursday's close of 1,132.0.
The local currency gained 2.3 percent, marking the biggest
weekly percentage gain since mid-July 2016.
(Reporting by Dahee Kim; Editing by Randy Fabi)