S Korea: Won at nearly 6-yr closing low, despite firmer stocks
[SEOUL] The South Korean won fell to its lowest close in almost six years against the dollar on Thursday, hurt by a persistently high levels of anxiety among traders about the near-term prospects of the Chinese and global markets.
The won ended local trade at 1,238.8 per dollar, down from its previous close of 1,234.4 and the weakest finish since June 11, 2010.
Firmer stocks failed to support the won as sentiment on the stock market remained shaky. The Korea Composite Stock Price Index (KOSPI) closed up 0.3 per cent at 1,918.57 points as gainers just led losers by 426 to 382.
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
South Korea’s probe alleges 211.2 billion won of illegal short trades
Asia: Markets build on rally as US jobs data boost rate cut hopes
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%
Stocks to watch: Singtel, Venture Corp, ARA H-Trust, YHI International, LHN
Europe: Shares end higher on tech support; banks slide