You are here

Seoul: Won extend falls on US dollar strength, stocks up

Tuesday, October 4, 2016 - 15:00
4_22600966 - 21_12_2011.jpg

[SEOUL] The South Korean won weakened further late on Tuesday as US dollar strengthened against Asia-Pacific currencies.

The won was quoted at 1,107.8 to the US dollar at the conclusion of onshore trade, down 0.6 per cent versus the previous close of 1,101.3.

South Korean shares ended higher on firm foreign demand and a moderation of fears over the prospective multi-billion dollar fine facing Deutsche Bank.

The Korea Composite Stock Price Index (Kospi) closed up 0.5 per cent at 2,054.86 points.

Offshore investors bought a net 181.9 billion won (S$225.10 million) worth of Kospi shares.

REUTERS