Seoul shares at 3-mth closing high; Hyundai Motor up

Newswire

(Updates to close) By Rafael Nam SEOUL, Aug 31 (Reuters) - South Korean shares rose to their highest close in more than three months on Thursday as exporters such as Hyundai Motor gained on data showing the U.S. economy grew faster and inflation was lower than originally estimated. The main KOSPI index rose 4.23 percent in August, its biggest monthly gain since April, amid expectations for a pause in U.S. interest rates and rising optimism that the world's largest economy would avoid a ...

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