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Seoul shares rise above 1,600; GKL up on debut

Wed Nov 18, 2009 7:13pm EST

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SEOUL, Nov 19 (Reuters) - Seoul shares started higher on Thursday, rising above the 1,600 mark, led by gains in key technology firms such as Hynix Semiconductor (000660.KS) and banks including KB Financial Group (105560.KS).

The Korea Composite Stock Price Index rose 0.68 percent to 1,614.88 points by 0006 GMT.

Grand Korea Leisure (GKL) (114090.KS), South Korea's top foreigner-only casino operator and a unit of the government tourism agency, made a strong debut, opening at 15,000 won ($13.02) per share vs its IPO price of 12,000 won. ($1=1152.1 Won) (Reporting by Rhee So-eui; editing by Ken Wills)



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