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South Korean shares hit record high as tax hike plan scrapped

South Korean shares hit record high as tax hike plan scrapped

South Korean stock market witnessed a surge. KOSPI benchmark increased, marking a tenth consecutive session of gains. This surge followed the government's decision to scrap a proposed stock investment tax hike. Samsung Electronics saw a rise, while Hyundai Motor and Kia Corp experienced declines. Foreign investors actively bought shares. The Korean won strengthened against the dollar.

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