Seoul: Won hits 2.5 month closing low on strong dollar, weak China
[SEOUL] The South Korean won ended at a more-than-two-month closing low on Thursday as continued dollar rally and weaker-than-expected economic data from China formed risk-off mood broadly, putting pressure on the local currency.
The won was quoted at 1,135.9 to the US dollar at the conclusion of onshore trade, its lowest closing level since July 25. It was down 1.1 per cent compared with Wednesday's close of 1,123.6.
South Korean shares also slipped to their lowest since late September with the Korea Composite Stock Price Index (Kospi) closing down 0.9 per cent at 2,015.44.
Offshore investors bought a net 192.2 billion won (S$238.20 million) worth of Kospi shares.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%