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Seoul: Won at 1-week high as exporters sell US dollars, stocks firmer

Thursday, June 2, 2016 - 14:26

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[SEOUL] The South Korean won extended gains on Thursday and finished at its highest level in a week as exporting companies took profit on their recent dollar gains.

The won was quoted at 1,186.6 to the US dollar at the conclusion of onshore trade, up 0.5 per cent compared with the previous close of 1,193.0.

South Korean shares ended a bit higher on support of foreign investors' stock-buying.

The Korea Composite Stock Price Index (Kospi) closed up 0.1 per cent at 1,985.11 points.

Offshore investors bought a net 232.4 billion won (S$269.63 million) worth of Kospi shares for the day.

REUTERS

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