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S.Korean won extends gains on exporters' demand; stocks down

South Korean shares reversed sharp early declines to close higher on Thursday while the country's currency pared losses against the dollar as the investor appetite for risk assets regained momentum.

[SEOUL] South Korea's won held firm on Wednesday, bolstered by gains in commodity prices and domestic exporters' demand for month-end settlement.

The won ended local trade up 0.9 per cent at 1,143.4, compared with Tuesday's close of 1,153.8.

The Korea Composite Stock Price Index (KOSPI) closed down 0.3 per cent at 2,009.40 points, snapping a four-day winning streak.