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Seoul Shares End at New High, Landing Above 5,000, Despite Trump’s Tariff Hike Threat

Seoul: South Korean stocks finished at a new high Tuesday, landing above the 5,000-point mark for the first time, buoyed by recent gains in tech shares despite Trump's threat to raise tariffs on Korean imports. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) jumped 135.26 points, or 2.73 percent, to close at 5,084.85.

According to Yonhap News Agency, the KOSPI has been enjoying decent gains this year, moving above the 5,000-point threshold since Thursday last week. It marked the first time for the index to close above the landmark level.

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