Seoul shares hit 3-wk closing high, Samsung gains

Newswire

(Updates to close) By Rafael Nam SEOUL, March 22 (Reuters) - Seoul shares rose to their highest close in three weeks on Thursday as exporters such as Samsung Electronics gained on hopes the Federal Reserve will cut U.S. interest rates, sparking more sales to a key export market. Hynix Semiconductor Inc. rose 2.66 percent to 32,750 won, extending a rally after saying this week it had signed cross licence deals with U.S. storage card maker SanDisk Corp. and Japan's Toshiba Corp. . The ...

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