Seoul: Stocks, won rally as commodities stabilise

[SEOUL] South Korean stocks extended their rally on Thursday, lifting the benchmark index to the highest close this year as stabilising commodities prices encouraged investors to step up purchases of risk assets.

The Korea Composite Stock Price Index (KOSPI) closed up 0.6 per cent at 1,958.17 points, its highest finish since Dec 30, 2015.

The won jumped 1.1 per cent to end the local session at 1,214.6 per US dollar as foreign investors extended their buying spree of local stocks into a fifth consecutive session.

REUTERS