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SEOUL, April 2 Asia Pulse - South Korean stocks added to earlier gains late Monday morning, as investors picked up auto and other large-cap shares on optimism that an imminent free trade deal with the United States would have a positive impact on the economy, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 10.08 points, or 0.69 per cent, to 1,462.63 as of 11:20 a.m.
"Investors seem to be encouraged as they believe that a free trade agreement (FTA) with the U.S. would bolster the main index for the time being," said Kim Hak-kyun, an analyst at Korea Investment & Securities.
South Korea and the U.S. are expected to finalize their 10-month-old FTA negotiations later in the day, which would remove tariffs and other trade barriers between the two ...