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Seoul: Stocks rise as selective buying accelerates, won firms

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[SEOUL] South Korean shares climbed on Monday as individuals scooped up stocks late in the session.

The Korea Composite Stock Price Index (Kospi) closed up 0.8 per cent higher at 2,015.78 points.

Individuals bought a net 96.0 billion won (S$117.2 million) worth of Kospi shares while offshore investors purchased a net 47.5 billion won worth.

The South Korean won reversed earlier losses as investors sold the US dollars to take profit.

The won was quoted at 1,118.1 to the US dollar at the conclusion of onshore trade, up 0.1 per cent compared with the previous close of 1,118.8.

REUTERS