(Bloomberg) -- South Korean stocks advanced to a high for the third day. Hyundai Heavy Industries Co. led on new ship orders and after ship prices gained to a record, raising speculation shipbuilders' profits will continue to increase.
The Kospi index added 11.56, or 0.7 percent, to 1579.29 as of 9:22 a.m. in Seoul. The Kosdaq climbed 1 percent to 700.59. Kospi 200 futures expiring in June gained 0.6 percent to 203.80, while the underlying index rose 0.8 percent to 203.07.
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