Seoul: Won ends at 4-week low on rate-cut bets; shares edge higher
[SEOUL] The South Korean won fell to a four-week closing low on Monday as slowing factory activity in China bolstered views of a rate cut by the Bank of Korea, already pressured by a recent string of easing measures by central banks around the world.
The won was quoted at 1,103.3 to the dollar at the conclusion of onshore trade, compared with 1,093.5 seen at the end of Friday's session.
South Korean shares edged higher on Monday as a sharp rebound in oil prices fuelled a rally in commodity-linked shares, although gains were capped as investors fretted over nagging global growth concerns.
The Korea Composite Stock Price Index (KOSPI) gained 0.18 per cent to close at 1,952.68 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
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
Singapore shares open in the red on Tuesday; STI down 0.3%