S Korea: Won at nearly 6-yr closing low, despite firmer stocks
[SEOUL] The South Korean won fell to its lowest close in almost six years against the dollar on Thursday, hurt by a persistently high levels of anxiety among traders about the near-term prospects of the Chinese and global markets.
The won ended local trade at 1,238.8 per dollar, down from its previous close of 1,234.4 and the weakest finish since June 11, 2010.
Firmer stocks failed to support the won as sentiment on the stock market remained shaky. The Korea Composite Stock Price Index (KOSPI) closed up 0.3 per cent at 1,918.57 points as gainers just led losers by 426 to 382.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
Asia: Stocks rise on earnings optimism as US data approaches
Singapore stocks climb at Wednesday’s open; STI up 0.4%