S.Korea shares edge up, Kumho surges on local debut

Newswire

(Updates to close) By Rafael Nam SEOUL, Feb 17 (Reuters) - Seoul shares inched up on Thursday to mark a fresh five-year closing high, as a spike in crude prices lifted oil refiners such as SK Corp, but gains were capped by concerns about the impact of higher energy costs on profits. Kumho Tire Co. Inc. , the world's 11th-biggest tyre maker, rose 16 percent on its Seoul debut to end at 17,000 won compared with its initial public offering price of 14,650 won. The shares rose by as much ...

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