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Stocks

Seoul's financial market shrugs off North Korean missile launch

KOSPI edges down while local currency dips slightly

People in Seoul watch a broadcast on Nov. 29 of North Korea firing what appeared to be an intercontinental ballistic missile that landed close to Japan.   © Reuters

SEOUL - South Korea's financial market on Wednesday showed relatively little effects of North Korea's early morning missile launch, displaying resilience to repeated provocations by its troubling neighbor.

Seoul's benchmark KOSPI stock index slipped to 2,511.78 in morning trading, down 0.10% from Tuesday's close. Investors were relieved by news overnight that the Dow Jones industrial average rose 1.1% to 23,836.71, thanks to big gains by banks and financial companies.

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