Seoul: Won, stocks edge down on ECB decision
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] The South Korean won and shares ended lower on Friday as the US dollar held strong after European Central Bank kept the door open to adding more stimulus in December.
The won was quoted at 1,134.9 to the US dollar at the conclusion of onshore trade, down 0.7 per cent compared to Thursday's close of 1,127.5.
The Korea Composite Stock Price Index (Kospi) closed down 0.4 per cent at 2,033.00 points.
Foreign investors continued their buying spree and bought a net 46 billion won (S$56.52 million) worth of Kospi shares for the day. They have been buyers for seven consecutive sessions.
For the week, the shares posted a modest gain of 0.5 per cent while the won was slightly down, marking a third straight week of losses.
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
