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Seoul: Won erases losses to end firmer, stocks flat

Thursday, December 1, 2016 - 14:48

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[SEOUL] South Korea's won finished firmer on Thursday, erasing intraday losses that had sent it to a one-week low, as local exporters selling US dollars for settlements provided support.

The won was quoted at 1,167.6 to the US dollar at the conclusion of onshore trade, up 0.1 per cent compared with Wednesday's close of 1,169.1.

South Korean shares finished flat after four days of gains. The Korea Composite Stock Price Index (Kospi) closed up 0.01 per cent at 1,983.75 points.


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