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South Korean shares rise, won declines for fifth session

South Korean shares rise, won declines for fifth session

South Korean shares rose Tuesday, snapping a four-session declines, led by bank and construction stocks. The won fell.
The Korea Composite Stock Price Index rose 3.53 points, or 0.3 percent, to 1,374.34.
Bank stocks gained after the sector index fell for seven straight sessions on tightened mortgage lending rules.
"The business environment is not good, but the shares are cheap," said Lee Jun-jae, an analyst at Korea Investment & Securities.
Top lender Kookmin Bank rose 1.4 percent to 71,400 won.
Construction stocks rose after tracking the market's decline for four sessions. Hyundai Engineering & Construction Co. gained 4 percent to 51,800 won.
Samsung Electronics Co., South Korea's largest corporation, rose 0.7 percent to 586,000 won.
In currency trading, the won declined for a fifth session amid demand for the U.S. currency from offshore investors. The dollar rose to 938.50 won from 938.20 won Monday.