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Seoul: Shares climb to fresh 2½ month high; won aimless ahead of Yellen comments

Tuesday, February 24, 2015 - 14:25
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[SEOUL] South Korean shares hit a fresh 2½ month peak on Tuesday as worries that Greece could leave the euro zone faded, although gains were capped by a sharp plunge in crude oil prices overnight.

The Korea Composite Stock Price Index (KOSPI) closed up 0.4 per cent at 1,976.12 points.

The South Korean won drifted lower against the dollar after a choppy trading session, with investors awaiting further clues from Federal Reserve Chair Janet Yellen's testimony in front of Congress.

The local currency was quoted at 1,109.9 to the dollar at the conclusion of onshore trade, compared to 1,108.7 seen at the end of Monday's session.

REUTERS