Seoul: Won, stocks hit 1-week highs, investors rediscover risk appetite
[SEOUL] The South Korean won and shares strengthened to one-week highs on Monday as investors rediscovered their appetite for riskier assets due to growing speculation that Britain will vote to remain in the European Union.
The won was quoted at 1,160.8 to the dollar at the conclusion of onshore trade, up 1.0 per cent from Friday's close of 1,172.7.
The Korea Composite Stock Price Index (Kospi) closed up 1.4 per cent at 1,981.12 points.
Foreign investors bought a net 21.3 billion won (S$24.66 million) worth of Kospi shares, while domestic institutions purchased a net 117.0 billion won.
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
Why the yen is so weak and what that means for Japan
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce