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.

REUTERS