Seoul shares touch new record; auto makers surge

Newswire

(Updates to close) By Rafael Nam SEOUL, May 21 (Reuters) - Seoul shares rose to their latest record on Monday as auto makers such as Hyundai Motor surged on brokerage upgrades, while shipbuilders such as Hyundai Heavy Industries rallied on the back of booming orderbooks. Gains were underpinned as stronger U.S. consumer data raised hopes about increased sales to South Korea's no.2 export market. China's interest rate increase did not have an impact after Shanghai shares ignored the move ...

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