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Seoul: Won slumps to near 2-week low, stocks edge down

Tuesday, April 4, 2017 - 14:58

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[SEOUL] The South Korean won ended near a two-week low on Tuesday as risk-off sentiment rose following a suicide bombing in Russia, while investors awaited US President Donald Trump and Chinese President Xi Jinping's meeting later this week.

The won was quoted at 1,121.9 to the US dollar at the conclusion of onshore trade, down 0.6 per cent compared to Monday's close of 1,115.3. It was the weakest closing level since March 24.

South Korean shares edged down as selling by foreign investors accelerated.

The Korea Composite Stock Price Index (Kospi) closed down 0.3 per cent at 2,161.10 points.

Offshore investors sold a net 101.8 billion won (S$126.795 million) worth of Kospi shares.

REUTERS

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