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KOSPI settles above 5,790 on semiconductor strength, KOSDAQ up more than 1 percent

South Korean shares opened sharply higher on March 18, with both the KOSPI and KOSDAQ rising on semiconductor strength. The KOSPI climbed 2.70 percent to 5,792.66 by 9:19 a.m. after opening higher and holding early gains. Foreign investors and institutions were net buyers, while individuals were net sellers. Samsung Electronics and SK Hynix rose, with SK Hynix moving above 1 million won. The won strengthened slightly against the dollar.