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Seoul: Won posts near 5-wk closing low, stocks down

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The South Korean won posted its lowest close in nearly five weeks on Thursday as an upbeat private payroll report largely supported the dollar globally.

[SEOUL] The South Korean won posted its lowest close in nearly five weeks on Thursday as an upbeat private payroll report largely supported the dollar globally.

The won was quoted at 1,158.1 to the dollar at the conclusion of onshore trade, down 1.1 per cent from Wednesday's close of 1,145.5. It was the lowest close since Feb 1.

South Korean shares were flat as investors took a cautious stance ahead of big events such as the ruling on President Park Geun-hye's impeachment on Friday and the US Federal Reserve policy meeting early next week.

The Korea Composite Stock Price Index (KOSPI) closed at 2,091.06, down 0.2 per cent from the previous close.

REUTERS

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