Seoul shares wipe out gains, await U.S. jobs data cues
SEOUL Aug 2 (Reuters) - South Korean shares wiped out early gains to end almost unchanged on Friday as the effect from strong U.S. factory activity data faded, with investors taking a cautious stance ahead of a crucial U.S. jobs report.
The Korea Composite Stock Price Index (KOSPI) closed up 0.1 percent at 1,923.38 points, giving back early 1 percent gains.
Steel makers gained on optimism for a recovery in steel products prices ahead. POSCO advanced 2.2 percent and Hyundai Steel Co increased 3.8 percent.
Foreign investors were buyers of a net 65.9 billion won ($58.65 million) worth of stocks, marking the 10th consecutive day of net purchase. It was the longest buying streak of the year. ($1 = 1123.6000 Korean won) (Reporting by Jungmin Jang; Editing by Choonsik Yoo and Shri Navaratnam)
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