You are here

Seoul: Shares, won close higher, helped by autos


[SEOUL] South Korean shares closed higher as automakers outperformed on stronger-than-expected October sales, and on hopes for another wave of stimulus after weak data on global manufacturing activity.

The Korea Composite Stock Price Index (KOSPI) closed up 0.7 per cent at 2,048.40 points.

Market bellwether Hyundai Motor Co Ltd rose 2.5 per cent, while its affiliate Kia Motors Corp jumped 4.7 per cent.

On the currency market, the South Korean won closed domestic trade up 0.3 per cent at 1,133.1 against the dollar, compared to Monday's close of 1,137.0.