Shares gain 2.6 per cent in Seoul

Shares gain 2.6 per cent in SeoulSeoul - Shares continued their rebound Friday on the Seoul stock exchange, tracking overnight gains in the US market, after suffering heavy losses earlier this week.

However, South Korea's currency, the won, fell again, after it posted its largest gain versus the dollar in a decade Thursday on a currency swap deal between the country's central bank and the US Federal Reserve.

The benchmark Kospi index soared 28.34 points, or 2.6 per cent, to close at 1,113.06.

Advancing issues outpaced decliners 643 to 218.

The main index of the technology-heavy Kosdaq market rose 11.98 points, or 4.05 per cent, to 308.03.

On currency markets, the US dollar was quoted at 1,291.0 Korean won, up 41 won after 1,250.0 won on Thursday. (dpa)

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