You are here

Seoul: Won gives up gains on finance minister comments, stocks weaken

Thursday, February 16, 2017 - 15:05

3-22600966 - 21_12_2011.jpg

[SEOUL] The South Korean won gave up its earlier gains on Thursday after finance minister Yoo Il-ho said the ministry was closely monitoring the current currency volatility, especially in the yen-won cross rate.

The won was quoted at 1,141.5 to the US dollar at the conclusion of onshore trade, up 0.1 per cent compared to Wednesday's close of 1,142.2. It was 10.0090 against the yen, up 0.8 pct at 0645 gmt.

South Korean shares were flat with the Korea Composite Stock Price Index (Kospi) closed down 0.1 per cent at 2,081.84 points.

Foreign investors bought a net 162.6 billion won (S$202 million) worth of Kospi shares, which was offset by local institutions selling 261.7 billion won worth.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom