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Seoul: Stocks down on weak earnings concerns, won slips

Tuesday, January 26, 2016 - 14:13
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South Korean shares reversed sharp early declines to close higher on Thursday while the country's currency pared losses against the dollar as the investor appetite for risk assets regained momentum.

[SEOUL] South Korean shares and the won both finished onshore trade down on Tuesday after investors fretted over weak fourth-quarter earnings at home as well as concerns over global economic growth.

The Korea Composite Stock Price Index (KOSPI) closed down 1.2 per cent at 1,871.69 points.

The South Korean won was quoted at 1,204.2 to the dollar at the conclusion of onshore trade, down 0.8 per cent compared to Monday's close of 1,194.2.

REUTERS