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S Korea won rises to 3½-mth high after China's GDP; shares flat

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An employee counts South Korean 10,000 won banknotes for a photograph at a Woori Bank Co. branch in Seoul, South Korea, on Thursday, Dec. 19, 2013.

[SEOUL] The South Korean won rose to a 3½-month high against the dollar on Monday as slightly better-than-expected economic growth numbers from China calmed anxiety about a sharper downturn in the world's second-largest economy.

The won closed local trade up 0.7 per cent at 1,121.0 on the dollar after rising to 1,120.6, the highest intraday level since July 3.

On the stock market, Seoul shares held steady and closed at 2,030.27 points in a choppy session, little changed from the previous close of 2,030.26.

REUTERS

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