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South Korea to Double Share-Trading Limits to Boost Market

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South Korea will double the daily trading range of shares starting next month as the country seeks to boost the appeal of its $1.3 trillion equities market.

Commencing June 15, stocks on the Kospi and Kosdaq indexes will be able to move 30 percent compared with the current level of 15 percent, the Korea Exchange said in an e-mailed statement. The Financial Services Commission first announced the plan in September, after the 200-day average trading volume of the benchmark stock gauge fell in July to its lowest level since 2007.