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South Korean shares recoup early losses as chipmakers rebound
SEOUL: Round-up of South Korean financial markets: South Korean shares clawed back early losses on Tuesday, as bargain hunting in chip stocks followed a three-session slide that culminated in a more than 3% drop in the KOSPI a day earlier. The KOSPI was up 9.74 points, or 0.15%, at 6,694.11 as of 0132 GMT, after falling nearly 1% earlier in the session. The benchmark index lost 3.26% in the previous session as chipmakers slumped, extending losses for a third consecutive session. “The market is seen recovering sharp losses in the previous session, when it already priced in downward pressure fro...
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