Seoul: Stocks recover on bargain-hunting, firm global market; won flat

[SEOUL] South Korean shares rebounded fully on Thursday as investors hunted for bargains to reverse previous sharp losses, while fairly stable European stock markets and Wall Street offered support.

The Korea Composite Stock Price Index (Kospi) closed up 2.3 per cent at 2,003.46 points.

Offshore investors bought a net 46.2 billion won (S$56.17 million) worth of Kospi shares for the day.

The South Korean won was flat, standing at 1,150.6 to the US dollar at the conclusion of onshore trade, down 0.1 per cent compared to Wednesday's close of 1,149.5.

REUTERS