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Seoul: Won, shares edge up following stronger Japanese yen

Friday, November 25, 2016 - 14:53

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[SEOUL] The South Korean won ended higher on Friday as Japan's yen strengthened against the US dollar later in the session, giving a moderate boost to the won.

The won was quoted at 1,177.4 to the US dollar at the conclusion of onshore trade, up 0.2 per cent versus Thursday's close of 1,180.1.

South Korean shares edged slightly higher with the Korea Composite Stock Price Index (Kospi) closing up 0.2 per cent at 1,974.46 points.

Foreign investors bought a net 18.9 billion won (S$22.93 million) worth of Kospi shares.

For the week, the won gained 0.5 per cent, while the stocks held steady.

REUTERS

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