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Seoul: Won surges on increased risk appetite; stocks take breather

Tuesday, August 16, 2016 - 15:40

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[SEOUL] The South Korean won jumped on Tuesday as weakness in the dollar boosted risk appetites.

The won touched 1,092.2 against the US dollar right before the closing bell, up 1.0 per cent compared to Friday's close of 1,103.3. Monday was a holiday in South Korea.

South Korean shares slipped as onshore investors'stock-dumping offset purchases by foreigners The Korea Composite Stock Price Index (Kospi) closed down 0.1 per cent at 2,047.76 points.

Offshore investors bought a net 26.6 billion won (S$32.4 million) of Kospi shares.

REUTERS

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