Seoul: Stocks, won weaken on uncertainty over Trump policies

[SEOUL] South Korean shares and won weakened on Wednesday, pressured by a global sell-off of riskier assets, sparked by concerns that US President Donald Trump's economic policies and tax initiatives could be delayed.

The local currency managed to erase some losses thanks to offshore demand linked to stock purchases.

The Korea Composite Stock Price Index (KOSPI) closed down half a per cent at 2,168.30 points.

The won was quoted at 1,123.3 to the dollar at the conclusion of onshore trade, down 0.3 per cent compared to Tuesday's close of 1,120.3.

REUTERS