You are here

Seoul: Shares bounce sharply on positive US data; won firmer

Thursday, January 8, 2015 - 14:22

KoreaBloomberg0606.jpg
South Korean shares rebounded sharply from 16-month lows hit this week, with Thursday's trading supported by upbeat US jobs data and a pause in tumbling global oil prices.

[SEOUL] South Korean shares rebounded sharply from 16-month lows hit this week, with Thursday's trading supported by upbeat US jobs data and a pause in tumbling global oil prices.

The Korea Composite Stock Price Index (KOSPI) ended up 1.1 per cent at 1,905.65 points.

The South Korean won edged higher after a choppy session, underpinned by foreign capital inflows as risk appetite picked up on the positive US data.

The local currency was quoted at 1,096.9 to the dollar at the conclusion of onshore trade, compared to 1,099.9 seen at the end of Wednesday's session.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom