Seoul: Stocks, won edge higher with eye on Fed meeting
[SEOUL] South Korean shares edged up in mixed trading on Tuesday, as broad risk aversion eased and investors adopted a wait-and-see posture ahead of the US Federal Reserve's rate-setting meeting starting later in the global day.
The Korea Composite Stock Price Index (Kospi) rose 0.3 per cent to close at 1,932.97 points.
Foreigners were net sellers for a 10th straight day, dumping a net 352.1 billion won (S$419.47 million) of shares on the main board, preliminary data showed.
Meanwhile, the South Korean won ended local trade up 0.1 per cent at 1,183.4 per dollar on offshore selling of the greenback ahead of the Fed's decision.
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
Singapore stocks track regional gains on Monday; STI up 0.4%
Industry observers launch non-profit to encourage better performance among SGX listcos
Singapore shares rise at Monday’s open; STI up 0.3%
Stocks to watch: Nio, Sembcorp, Paragon Reit, Oiltek
Asia’s sleeping giant India ‘especially appealing’ as reforms drive growth resurgence
Europe: Shares rise after US inflation data keeps Fed rate cut hopes alive