The Seoul Stock Exchange advances for the third day in a row and rises 0.78%

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Seoul, Dec 3 (EFE) .- The Seoul Stock Exchange rose today and its main indicator, the Kospi, gained 0.78% again driven by purchases from foreign investors

The South Korean benchmark rose 23.06 points on Friday to stand at 2,968.33 integers, while the Kosdaq technology index gained 21.04 points, or 2.15%, to 998.47 units.

The Kospi began the hesitant session after South Korea once again tightened social restrictions, just a month after having relaxed them, due to the record numbers of infections and serious cases of COVID-19 that it has been registering in recent days.

But foreign participants, net sellers for much of November due to the strengthening of the dollar against the won, returned to acquire undervalued assets today in the middle of the session, leaving the selective in positive territory for the third consecutive session.

The chip that has the most weight in the selective, the technology giant Samsung Electronics, fell 0.26% today, and the second largest global manufacturer of memory chips, SK Hynix, lost 1.67%.

The company that owns the main search engine in South Korea, Naver, gained 0.88% and the operator of the main South Korean instant messaging application, Kakao, rose 0.82%.

In the biopharmaceutical sector, Samsung Biologics climbed 0.9%, although rival Celltrion depreciated 1.17%.

The largest car manufacturer in the Asian country, Hyundai Motor, appreciated 0.24% and in turn Kakao Bank, the main national bank, improved its price by an important 3.85%.

(c) EFE Agency

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