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Companies & Markets

Seoul: Won, stocks up after US jobs data, profit-taking erases gains

Published Mon, Mar 7, 2016 · 06:30 AM
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[SEOUL] The South Korean won notched a sixth straight session of gains against the US dollar on Monday, helped by broad risk-on sentiment sparked by upbeat US jobs data, which was seen as positive for global economy.

The local currency was quoted at 1,201.4 to the US dollar at the conclusion of onshore trade, up 0.2 per cent as compared with Friday's close of 1,203.4.

South Korean shares also managed to squeeze out gains amid profit-taking, as the Korea Composite Stock Price Index (KOSPI) closed up 0.2 per cent at 1,957.87 points.

REUTERS

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