South Korea: Stocks rise as global uncertainties ease; won climbs

[SEOUL] South Korea's Kospi stock index gained a foothold on Tuesday after recent declines, as a global markets shakeout and the rift between Saudi Arabia and the West partly eased.

At 0234 GMT, the KOSPI was up 8.27 points or 0.39 per cent at 2,153.39.

Shares of Hyundai Motor gained over 3 per cent, recovering from an eight-year low hit in previous session.

The won was quoted at 1,126.6 per US dollar on the onshore settlement platform, 0.68 per cent firmer than its previous close at 1,134.3. ** In offshore trading, the won was quoted at 1,126.3 per dollar, up 0.4 per cent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,109 per dollar.

The Kospi has dropped 13.1 per cent so far this year, and lost 6.71 per cent in the previous 30 days.

REUTERS