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Seoul: Stocks, won rise as global risk revives, Fed eyed

Monday, October 27, 2014 - 14:19
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[SEOUL] South Korean shares and the won rose on Monday as upbeat US earnings and economic data reduced concerns over the health of the global economy.

The Korea Composite Stock Price Index (KOSPI) closed up 0.3 per cent at 1,931.97 points.

The won ended onshore trade at 1,052.2 to the dollar, up 0.5 per cent from Friday's close of 1,057.5, according to exchange rate data provided by Seoul Money Brokerage Services (SMBS).

Market participants are awaiting the US Federal Reserve's two-day policy meeting this week, where it is likely to announce the end of its bond-buying programme and possibly signal when it will start raising interest rates.

REUTERS