Seoul: Shares, won rise on crude gains, improved risk appetites
[SEOUL] South Korean shares rose on Monday following a strong lead from Wall Street, as risk sentiment improved on rallying oil prices and gains in equities in Asian emerging markets.
The Korea Composite Stock Price Index (KOSPI) ended the day up 0.7 per cent at 1,893.43 points, its highest closing level since Jan 15.
Foreign investors were net sellers for a 13th straight day, offloading a net 82.3 billion won (S$98.45) of shares on the main board, preliminary data showed.
The South Korean won ended local trade at 1,194.2, up 0.5 per cent from the previous close. The local currency has risen three consecutive sessions.
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
Oil gains 1% on hopes of firmer demand
Europe: Shares end lower on rate cut jitters; Richemont shines
US: Dow closes above 40,000 for first time as stocks finish mixed
STI rises 0.3% after China unveils property stimulus
‘No better player’ than GIC to help revitalise fortunes of Singapore stock market: observers
Asia: Stocks mixed after Wall Street, Europe retreat from records