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Seoul: Won ends higher on exporter US dollar sales; stocks edge down

Wednesday, August 31, 2016 - 14:54

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[SEOUL] The South Korean won ended higher on Wednesday as month-end US dollar sales by exporters supported the currency towards the close of the session.

The won was quoted at 1,114.8 to the US dollar at the conclusion of onshore trade, up 0.5 per cent from Tuesday's close of 1,119.9.

The currency ended the month up 0.4 per cent, marking a third straight month of gains.

South Korean shares edged lower with the Korea Composite Stock Price Index (Kospi) closing down 0.3 per cent at 2,034.65 points.

Offshore investors purchased a net 21.4 billion won (S$26.18 million) worth of Kospi shares.

For the month, stocks rose 0.8 per cent.


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