Seoul: Stocks close at 5-mth high on offshore demand
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korean shares rose to their highest close in five months on Friday as foreigners snapped up stocks ahead of the European Central Bank's bond-buying stimulus programme set to start next week.
The Korea Composite Stock Price Index (KOSPI) closed up 0.7 per cent at 2,012.94 points, notching its seventh straight week of gains on a weekly basis.
For the week, the KOSPI rose 1.4 per cent.
The South Korean won climbed against the dollar on improved appetite for risk, but broad strength in the greenback held back gains.
The local currency was quoted at 1,098.7 to the dollar at the conclusion of onshore trade, up 0.2 per cent compared to Thursday's close of 1,101.3.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
