Seoul: Stocks extend winning streak to 4th session; won up
[SEOUL] South Korean shares closed higher for a fourth straight session on Tuesday but gains were capped by foreign selling and weak commodity prices which weighed on resource companies.
Central bank data on Tuesday showed South Korean household credit grew by 3.0 per cent in the third quarter, which could fuel economic growth but also add to concerns about high debt burdens.
The Korea Composite Stock Price Index (KOSPI) finished up 0.6 per cent at 2,016.29 points.
Offshore investors sold a net 183.6 billion won (S$225 million) worth of KOSPI shares, preliminary data showed.
The South Korean won ended local trade up 0.4 per cent at 1,153.8 against the dollar.
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
Weaker yen keeps Japanese tourists at home while visitors throng
Wall Street bulls say stock rally can resume even without rate cuts
Powering optimal deals with innovation
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%