Seoul: Won, stocks rise as risk-on mood returns after US debate

[SEOUL] The South Korean won ended at a more than two-week high on Tuesday as the US presidential election debate brought a return of a risk-on mood in the market.

The won was quoted at 1,096.5 to the US dollar at the conclusion of onshore trade, highest since Sept 8. It was up one per cent compared to Monday's close of 1,107.9.

South Korean shares also rose and the Korea Composite Stock Price Index (Kospi) closed up 0.8 per cent at 2,062.82 points.

Offshore investors became buyers late in the day, purchasing a net 23.7 billion won (S$29.41 million) worth of Kospi shares.

REUTERS