Seoul shares rebounded on Monday, erasing Friday's losses, with persistent foreign buying interest boosting index heavyweights such as Samsung Electronics. The Korea Composite Stock Price Index (KOSPI) closed up 0.7 percent at 2,048.14 points on Monday, after touching an intraday low of 2,030.90. Foreigners bought a net 101.3 billion won ($95.40 million) of local shares on Monday, extending a net buying streak to a record 42 consecutive sessions. Large caps Samsung Electronics Co Ltd and Hyundai Motor Co advanced 2.3 percent and 2.5 percent, respectively.
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