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Seoul: Won, stocks move narrowly ahead of US, Japan summit

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[SEOUL] The South Korean won traded in a narrow range on Thursday as investors took a cautious stance ahead of a meeting between US President Donald Trump and Japan's Prime Minister Shinzo Abe.

The won was quoted at 1,145.8 to the US dollar at the conclusion of onshore trade, up 0.1 per cent compared to Wednesday's close of 1,147.2.

Friday's summit between Mr Trump and Mr Abe could have a significant influence on Japan's yen currency, sending ripples to other Asian currencies like the won.

South Korean shares held steady and the Korea Composite Stock Price Index (Kospi) closed at 2,065.88 points.

Offshore investors turned to net buyers later in the session, purchasing 54.8 billion won (S$67.7 million) worth of Kospi shares on Thursday.

REUTERS

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