Moving on up

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Moving on up

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The screen yesterday at a dealing room in the Korea Exchange Bank headquarters in central Seoul shows the Kospi advancing to its highest level in seven months. Korea’s major exchange index closed at 2,024.9, up 23.6 points, or 1.2 percent, from its close on Thursday. The market was buoyed by the prospect that U.S. lawmakers would lift the national debt limit and avoid a default. The Korean won appreciated 0.2 percent to 1,071.4 per dollar. [NEWS1]

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