Seoul shares hit 1-week closing high on economic optimism

Newswire

SEOUL, Aug 26 (Reuters) - Seoul shares rose to their highest closing in a week on Monday as auto and tech issues rallied on bargain hunting led by foreigners after Friday's euro zone data brightened the global economic growth outlook. The Korea Composite Stock Price Index (KOSPI) rose 1.0 percent to 1,887.86 points, the highest closing level since Aug. 19. Automaker Hyundai Motor Co rose 3.7 percent and its affiliate Kia Motors Corp gained 2.1 percent. Battery ...

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