By Park Jung-youn SEOUL, Nov 5 (Reuters) - Seoul shares pared earlier 5 percent gains to trade 1.8 percent higher on Wednesday afternoon, after Barack Obama's victory in the U.S. presidential election as investors looked ahead to Korean/U.S. trade issues under Obama. The Korea Composite Stock Price Index was up 1.8 percent at 1,174.84 points as of 0511 GMT, down from an earlier 5 percent rise to the session high of 1,217.82 points. But the index is still up 23.4 percent from the Oct. 27 low of 892.16 points and on course for a fifth straight closing gain after October's traumatic losses. 'Bubbly hopes and expectations over the new administration more or less faded as the session wore on, as investors became more keen to see what Obama's presidency would mean to South Korea, particularly in terms of trading relations,' said...
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