You are here

Seoul: Shares rise as investors look past weak China PMIs; won flat

[SEOUL] South Korean shares rose sharply on Tuesday as renewed foreign buying eclipsed surveys showing soft factory activity in China, a major export market for Korea's manufacturers.

The Korea Composite Stock Price Index (KOSPI) closed up 1.6 per cent at 2,023.93 points.

Offshore investors turned to net buyers after a two-day selling spree, purchasing a net 110.6 billion won (S$134.8 million) of shares in the main bourse.

The South Korean won was quoted at 1,158.0 to the dollar at the conclusion of onshore trade, almost unchanged from Monday's close of 1,158.1.


Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom