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Seoul: Won, stocks rise on growing optimism for Clinton win

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[SEOUL] The South Korean won extended gains on Tuesday as global demand for riskier assets rose on increased optimism that Hillary Clinton will win the US presidential election, despite continued worries about a political scandal at home.

The won was quoted at 1,135.0 to the US dollar at the conclusion of onshore trade, up 0.7 per cent compared to Monday's close of 1,143.1.

South Korean shares edged up, with the Korea Composite Stock Price Index (Kospi) closing up 0.3 per cent at 2,003.38 points.

Offshore investors sold a net 57.1 billion won (S$69.97 million) worth of Kospi shares for the day.

REUTERS

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