Seoul shares gain, Samsung up on flash memory hopes

Newswire

(Updates to close) By Rafael Nam SEOUL, Aug 25 (Reuters) - South Korean shares rose 1 percent on Friday as chip makers such as Samsung Electronics gained amid expectations for a turnaround in flash memory chip prices, while other exporters rebounded from this week's slide. But continued worries about the U.S. economy following weaker-than-expected housing data and higher oil prices may cap gains in the short term, analysts said, as investors brace for a stack of key U.S. and domestic ...

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