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Seoul: Stocks and won gain, look past cyber attack, North Korea risks

Monday, May 15, 2017 - 16:13

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[SEOUL] South Korean shares edged up on Monday along with other Asian markets, despite worries of disruption from the "Wannacry" ransomeware cyberattack and a missile test by North Korea over the weekend.

The Korea Composite Stock Price Index (Kospi) closed up 0.2 per cent at 2,290.65 points, staying close to a record high of 2,296.37 reached on May 11.

Foreign investors were net sellers, offloading 95.9 billion won (S$119.75 million) worth of Kospi shares.

The South Korean won gained 0.34 per cent, shrugging off Sunday's test-launch of a ballistic missile by North Korea.

The won was quoted at 1,123.6 to the US dollar at the conclusion of onshore trade, up compared to Friday's close of 1,127.4.


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