Seoul: Won closes at over 2-month high, stocks flat
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] The South Korean won jumped to an over two-month high on Monday as gains on Wall Street and global oil prices stoked investors' demand for riskier assets.
The local currency was quoted at 1,186.1 to the US dollar at the conclusion of onshore trade, up 0.6 per cent from Friday's close of 1,193.1.
South Korean shares closed virtually flat on light trading as most investors hugged the sidelines ahead of major central banks' policy meetings this week.
The Korea Composite Stock Price Index (KOSPI) closed up 0.04 per cent at 1,972.27 points.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
