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Seoul: Stocks, won gain; end the week higher

Friday, September 23, 2016 - 14:55

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[SEOUL] South Korean shares ended firmer on Friday, continuing their rally following policy decisions from the major central banks the previous day.

The Korea Composite Stock Price Index (Kospi) closed up 0.2 per cent at 2,054.07 points, marking six straight days of gains.

The index also posted its biggest weekly per centage gain in nine weeks.

The South Korean won reversed an early fall after the Japanese yen extended gains against the greenback.

The won was quoted at 1,102.4 to the US dollar at the conclusion of onshore trade, up 0.1 per cent from Thursday's close of 1,103.3.

For the week, the currency rose 1.5 per cent.


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