You are here

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

Tuesday, November 8, 2016 - 15:07

KoreaBloomberg0606.jpg

[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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom