Seoul shares gain 0.5 pct as steel makers advance

Newswire

(Updates to close) By Kim So-young SEOUL, Sept 25 (Reuters) - Seoul shares rose 0.5 percent on Monday, as steel makers rallied after Dongkuk Steel's cross shareholding deals with Japanese steel firm JFE Holdings reignited talk of consolidation in the sector. Firms reliant on raw materials such as power provider Korea Electric Power Corp. (KEPCO) also gained amid expectations a stronger won will cut import costs, while SK Telecom Co. extended recent gains on improved earnings prospects ...

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