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Seoul shares kick off year above 2,010-mark, Samsung Elec soars
January 2, 2013 / 1:16 AM / 5 years ago

Seoul shares kick off year above 2,010-mark, Samsung Elec soars

SEOUL, Jan 2 (Reuters) - South Korean shares opened higher on Wednesday as U.S. lawmakers embarked on a last ditch effort to avert the “fiscal cliff” of tax rises and spending cuts.

Index heavyweight Samsung Electronics was up more than 1 percent to a new intraday high of 1,538,000 Korean won ($1,400).

The Korea Composite Stock Price Index (KOSPI) was up 0.9 percent at 2,015.82 points at 0108 GMT. ($1 = 1070.5750 Korean won) (Reporting By Somang Yang; Editing by Eric Meijer)

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