The Business Times

Seoul: Stocks end at 18-mth high; won slips

Published Wed, Jan 11, 2017 · 08:59 AM
Share this article.

[SEOUL] South Korean shares finished at a nearly 18-month high on Wednesday, with massive purchases by foreign investors, who had anticipated strong fourth-quarter earnings data, giving a boost to the main board of the exchange.

The Korea Composite Stock Price Index (KOSPI) closed up 1.5 per cent at 2,075.17 points, its strongest since July 21, 2015.

The South Korean won was flat and stood at 1,196.4 to the dollar at the conclusion of onshore trade, down 0.2 per cent from Tuesday's close of 1,194.6.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here