Seoul shares near record; auto makers rally

Newswire

(Updates to midday) SEOUL, May 21 (Reuters) - Seoul shares rose 0.5 percent on Monday to almost touch a new record as stronger U.S. consumer data raised hopes about increased sales to South Korea's no.2 export market. Auto makers rallied, with Hyundai Motor Co. surging more than 4 percent, following brokerage upgrades that are increasing optimism that shares in the sector will recover from a slump this year. Fears that Chinese stocks would slump and spark a regional sell-off were ...

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