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Seoul: Won climbs to 1-1/2-week high, stocks edge up

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[SEOUL] The South Korean won rose to a one-and-a-half week high on Monday, as the US dollar's global strength waned after a nearly month-long rally.

The won was quoted at 1,170.4 to the US dollar at the conclusion of onshore trade, up 0.6 per cent compared with Friday's close of 1,177.4. It reached its highest level against the greenback since Nov 16.

South Korean shares also edged up, with the Korea Composite Stock Price Index (Kospi) closing up 0.2 per cent at 1,978.13 points.

REUTERS

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