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Seoul: Won edges down on stronger US dollar, stocks flat

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The South Korean won ended at a near one-week low on Thursday as gains in the US dollar slightly pressured the local currency.

[SEOUL] The South Korean won ended at a near one-week low on Thursday as gains in the US dollar slightly pressured the local currency.

The won was quoted at 1,117.2 to the US dollar at the conclusion of onshore trade, down 0.3 per cent compared to Wednesday's close of 1,114.2. It was the lowest closing level since March 24.

South Korean shares dipped as local investors took profits, but losses were limited by continued stock purchases from foreign investors.

The Korea Composite Stock Price Index (Kospi) closed down 0.1 per cent at 2,164.65 points.

Offshore investors marked a fourth straight buying session, purchasing a net 88.5 billion won (S$110.49 million) worth of Kospi shares for the day.

REUTERS

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