27 May '11, 7am

Seoul shares rise 0.4 pct on foreign buying, automakers: the previous session, with a firm rebound in autos and

* Foreign investors buy for second session * Tech, auto issues lift market; banks weigh SEOUL, May 27 - Seoul shares erased earlier falls and ended up 0.4 percent on Friday as foreign investors continued buying after snapping a 10-session selling streak in the previous session, with a firm rebound in autos and technology stocks helping the market. The Korea Composite Stock Price Index finished up 0.4 percent or 8.3 points at 2,100.24 points. "We are seeing a natural, technical rebound, and the fact that foreign investors continued to buy today comes as a positive signal," said Lee Jin-woo, a market analyst at Mirae Asset Securities. "The market will probably not make a dramatic jump, and foreign investors may not start buying a lot of shares, but we see stable trade and foreign inflows ahead," Lee added. Foreign investors were buyers of a net 135.8 billion won ($124.6 mill...

Full article: http://sg.news.yahoo.com/seoul-shares-rise-0-4-pct-foreig...

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