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