Seoul: Shares, won slip ahead of US non-farm payrolls data
[SEOUL] South Korean shares shed on Friday as investors held back ahead of key US jobs data due later in the day, which could provide a strong clue to the timing of a Federal Reserve rate hike.
The Korea Composite Stock Price Index (Kospi) closed down 0.2 per cent at 2,010.23 after falling as much as 0.6 per cent to 2,001.23, the lowest since July 9. The index slid 1 per cent this week, losing for a third straight week.
The won erased modest gains in early trading and ended local trade lower 0.1 per cent at 1,167.4 per dollar as investors were cautious ahead of US non-farm payrolls data.
On a weekly basis, the local currency was up 0.2 per cent, snapping a six-consecutive-week falling spree.
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
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%
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data