Seoul: Shares fall on nagging growth woes; won retreats on global dollar rally
[SEOUL] South Korean shares fell on Tuesday as risk appetite soured on further signs of slowing growth in China and the euro zone, with cyclical sectors such as steelmakers and petrochemicals taking the brunt of the impact.
The Korea Composite Stock Price Index (KOSPI) fell 0.91 per cent to close at 1,935.19 points.
The South Korean won fell, pressured by a surge in the dollar inspired by the Bank of Japan's surprise move on Friday to expand its stimulus programme of bond purchases.
The local currency was quoted at 1,076.5 to the dollar at the conclusion of onshore trade, compared to Monday's closing rate of 1,072.6.
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
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%