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Seoul: Stocks, won end up as Fed's hike concerns ease

Tuesday, August 30, 2016 - 14:57

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[SEOUL] South Korean shares and won finished higher on Tuesday as the US dollar took a breather amid renewed doubts the US Federal Reserve could increase rates in the near term.

The Korea Composite Stock Price Index (Kospi) closed up 0.4 per cent at 2,039.74 points.

Foreign investors bought a net 58 billion won (S$70.56 million) worth of Kospi shares on Tuesday.

The won was quoted at 1,119.9 to the US dollar at the conclusion of onshore trade, up 0.5 per cent compared to Monday's close of 1,125.0.


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