Seoul shares rose on Wednesday boosted by auto counters including Kia Motors, which gained on solid August sales data, and rallies in domestic consumption-focused issues such as Lotte Shopping. The Korea Composite Stock Price Index (KOSPI) ended up 1.26 percent at 1,764.69 points.
Hite Brewery Co Ltd rose 1.5 percent and snack manufacturer Orion Corp advanced 5 percent. Retail issues rallied, helped by solid Chinese manufacturing data, according to Kim Ki-young, an analyst at SK Securities. Lotte Shopping Co Ltd, South Korea's top retailer, jumped 7.9 percent to 419,000 won, its highest close since November, 2007. Shinsegae Co Ltd, the country's No 2 retailer, gained rose 3.1 percent.
Hyundai Motor Co rose 1.8 percent despite news US safety regulators had opened a preliminary investigation into claims its Sonata sedan may have steering problems, and after data showed the automaker's August sales volume grew 17 percent from a year ago. The KOSPI 200 September futures index ended up 3.20 points at 229.75, and the KOSPI 200 spot index rose 2.60 points to 229.41. The junior Kosdaq market rose 1.08 percent at 469.75.
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