Seoul: Stocks extend winning streak to 4th session; won up
Add BT as a preferred source
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
