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Seoul shares seen higher on firm global data; Fed in focus

Seoul stock market looks set to rise
Thursday major economic data boosted confidence in the firm
Growth prospects for the global economy, but investors are still
Cautious expected, the Fed will start
Reduce its economic stimulus later this month.
     U.S. auto sales in August posted the best monthly figures
The past six years, while the U.S. trade data show that more and more
Economy this quarter, China's service sector growth hit a
In August of five month high, recent signs of global
Economic foothold.
 
     "Signs of recovery in the global economy is a double-edged sword."
SK Securities analyst Kao Cheng Xi said. "Optimism will exceed
Attention to the Fed's incentive to reduce, but not many. "
     Fed's stimulus has been a high-risk assets, the main driving force
In recent years, more and more speculation of a turn
U.S. central bank's policy has disrupted the market since June.
     Foreign interest has been the main driving force of the recent rise in
Key indicators. They reiterated their modest net buyers 26.0
Billion won ($ 23.75 million) in local shares on Wednesday,
Its ninth consecutive net buying.
     Korea Composite Stock Price Index (KOSPI) rose
Last Wednesday fell 0.04 percent, to 1,933.03 points.
 



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