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Seoul shares up 5.9%
Seoul, May 31: South Korean share prices rose 5.9 per cent on active foreign buying following the Nasdaq's rise, dealers said. The Korea Stock Exchange index closed up 40.62 points at 731.88. Volume was 495 million shares worth $3.7 billion.After opening considerably higher, the market saw continued rises across the board, KFB Securities Lee Sang-Jun said. "Today's trade volume was maybe the second or third largest volume so far this year," he said. "Massive profit-taking is likely to follow tomorrow, although this upward trend is expected to continue." Rises led falls 745 to 107, with 29 stocks unchanged. The three-year corporate bond yield was up at 9.9 per cent. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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