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Seoul: Shares higher, won snaps 5-day winning streak

Tuesday, December 29, 2015 - 14:26
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[SEOUL] The South Korean won snapped a five-session winning streak on Tuesday as investors turned cautious on riskier assets as the year draws to a close, while stocks edged higher.

The won ended local trade down 0.4 per cent at 1,169.6 per dollar. It had gained 1.6 per cent over the previous five sessions.

Seoul shares recouped early losses, led by sharp gains in medical supplies stocks on the ex-dividend date.

The Korea Composite Stock Price Index (KOSPI) closed up 0.1 per cent at 1,966.31 points in a choppy session.

Foreign investors were net sellers for the 19th straight session, pressing the KospiI and the won.

REUTERS