You are here

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

6a-42449510 - 04_05_2017 - SOUTH KOREA ECONOMY FINANCE.jpg

[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.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom