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Seoul: Stocks end at 1-month high, won firmer on global risk appetite

Wednesday, July 13, 2016 - 14:21
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[SEOUL] South Korean shares rose to one-month high on Wednesday while the won edged up as Wall Street hit another record high, boosting global appetite for riskier assets.

The Korea Composite Stock Price Index (Kospi) closed up 0.7 per cent at 2,005.55 points, its strongest since June 10.

Offshore investors bought a net 582 billion won (S$684.3 million) of Kospi shares, extending their buying streak to five straight sessions.

The won was quoted at 1,146.4 to the dollar at the conclusion of onshore trade, up 0.1 per cent compared with Tuesday's close of 1,148.0.

REUTERS