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Seoul: Won sags as dollar maintains broad strength; stocks steady

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[SEOUL] The South Korean won fell on Thursday on broad strength in the US dollar and a slight pullback in risk appetite.

The won was quoted at 1,175.9 to the US dollar at the conclusion of onshore trade, down 0.6 per cent compared to Thursday's close of 1,169.2.

South Korean shares were little changed with the Korea Composite Stock Price Index (Kospi) closing at 1,980.55 points.

Offshore snapped a four-day selling spree and bought a net 56.8 billion won (S$68.364 million) worth of Kospi shares, but local institutions offset the positive influence on the index by selling on the day.

REUTERS

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