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Seoul: Won, shares slip as lower oil price hurts risk appetites

Tuesday, April 5, 2016 - 14:27

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[SEOUL] The South Korean won and shares finished lower on Tuesday as a drop in global oil prices diminished investors' demand for risky assets.

The Korea Composite Stock Price Index (KOSPI) fell 0.8 per cent to end at 1,962.74 points, its lowest close since March 9.

The local currency was quoted at 1,155.1 to the US dollar at the conclusion of onshore trade, 0.8 per cent lower than Monday's close of 1,146.1.

REUTERS

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