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Seoul: Won ends down, stocks pare losses on domestic stock buying

Thursday, September 1, 2016 - 14:55
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[SEOUL] The South Korean won extended losses on Thursday, as investors stepped up their US dollar purchases toward the end of the trading session.

The won was quoted at 1,122.1 to the US dollar at the conclusion of onshore trade, down 0.7 per cent compared to Wednesday's close of 1,114.8.

South Korean shares pared earlier losses as local institutional stock buying offset foreign selling.

The Korea Composite Stock Price Index (Kospi) closed down 0.1 per cent at 2,032.72 points.

Offshore investors snapped a three-day buying streak and sold a net 138.5 billion won (S$168.3 million) worth of Kospi shares.

REUTERS