Seoul shares rose again, producing their best week in nearly three years, after global stock market rallies boosted sentiment. The Korea Composite Stock Price Index (KOSPI), rising for a fourth straight day, ended up 1.6 percent to 1,937.67 points. The index not only snapped a five-week losing streak but had its biggest weekly gain - 3.3 percent - since mid-September 2012.
Meanwhile, foreigners extended their main board selling spree to a 17th consecutive session, the longest since May, 2012. Offshore investors sold a modest 47.4 billion won ($40.43 million) worth of KOSPI shares on Friday, preliminary data showed. The won closed local trade up 1 percent to 1,173.6. It was up 1.8 percent this week, marking the biggest weekly percentage gain since December 2011.
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