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South Korean Stocks Extend Gains, Tracking Regional Performances

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South Korean shares closed higher on Wednesday, tracking regional gains as mediators report progress in US-Iran peace talks.

The Korea Composite Stock Price Index, or Kospi, increased by 239.3 points, or 4%, to close at 6,598.26. The Kosdaq also rose by 18.87 points, or 2%, to close at 799.59.

In company news, DB HiTek (KRX:000990) posted an 81% year-over-year rise in net income attributable to owners of the parent to 108 billion won for the second quarter ended June 30 from 60 billion won.

Sales rose 23% to 414.5 billion won from 337.4 billion won, according to a Wednesday filing with the Korea Exchange.

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