Seoul: Won ends lowest in 2 months, stocks up
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] The South Korean won marked a fourth losing session on Tuesday and closed at its lowest level since March 17, 2016.
The won was quoted at 1,172.6 to the dollar at the conclusion of onshore trade, down 0.6 per cent compared to Monday's close of 1,165.8.
South Korean shares finished higher as China's consumer inflation came in at 2.3 per cent in April, staying level for a third month in a row, relieving some worries about the world's second largest economy's health.
The Korea Composite Stock Price Index (Kospi) closed up 0.8 per cent at 1,982.50 point.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
