Seoul shares gain on US rate hopes; Hyundai drops

Newswire

SEOUL, March 27 (Reuters) - Seoul shares rose for the third consecutive session on Monday led by export-focused technology firms such as Samsung Electronics, on hopes the Federal Reserve would soon end to its campaign of U.S. interest rate increases. But Hyundai Motor Co. fell 2.58 percent to 79,300 won after prosecutors raided their offices in a probe reported by local media to be linked to lobbying. The benchmark Korea Composite Stock Price Index (KOSPI) officially closed up 0.69 ...

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