You are here

Seoul: Won, stocks finish higher but both end the week down

Friday, October 14, 2016 - 15:02
KoreaBloomberg0606.jpg

[SEOUL] The South Korean won edged up on Friday and pared some of its losses from the past three sessions, while foreign stock purchases also moderately supported the currency.

The won was quoted at 1,135.9 to the US dollar at the end of onshore trade, up 0.3 per cent versus to Thursday's close of 1,135.9.

South Korean shares also rose with the Korea Composite Stock Price Index (Kospi) closing up 0.4 per cent at 2,022.66 points.

Offshore investors bought a net 32.3 billion won (S$40.061million) worth of Kospi shares for the day.

The currency and stocks both ended the week down 1.5 per cent, their biggest weekly fall in four weeks.

REUTERS