Seoul: Won, stocks up after US jobs data, profit-taking erases gains
[SEOUL] The South Korean won notched a sixth straight session of gains against the US dollar on Monday, helped by broad risk-on sentiment sparked by upbeat US jobs data, which was seen as positive for global economy.
The local currency was quoted at 1,201.4 to the US dollar at the conclusion of onshore trade, up 0.2 per cent as compared with Friday's close of 1,203.4.
South Korean shares also managed to squeeze out gains amid profit-taking, as the Korea Composite Stock Price Index (KOSPI) closed up 0.2 per cent at 1,957.87 points.
REUTERS
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
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
US: Stocks end higher, extending rally
Yen surges against US dollar on suspected intervention