Seoul shares close higher on early U.S. midterm election outcome

SEOUL - South Korean stocks closed slightly higher Wednesday as early results from the U.S. midterm elections pointed to Democratic victories in both chambers of Congress. The local currency was trading lower against the U.S. dollar.Swinging between gains and losses, the benchmark Korea Composite Stock Price Index (KOSPI) finished at 5,683.80, up 35.01 points, or 0.62 percent.After starting 2.43 percent higher, the KOSPI turned lower around 10:11 a.m. and fell as low as 5,421.72 at 12:45 p.m. as vote counting in the U.S. midterm elections progressed, before narrowing its losses and turning …READ FULL ARTICLE