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Seoul: Shares fall on China growth concern; won up on amended rate hike view
[Seoul] South Korean shares fell on Tuesday, as slightly better-than-expected China data provided only a small lift as concerns remained on the outlook for the world's second largest economy.
The Korea Composite Stock Price Index (KOSPI) fell 0.77 per cent to close at 1,915.29 points.
The South Korean won was firmer, reflecting losses in the dollar as many investors pushed out expectations of an early rate hike by the Federal Reserve ahead of Wednesday's release of data on US inflation, which is expected to remain sluggish.
The local currency was quoted at 1,054.7 to the dollar at the conclusion of onshore trade on Tuesday, compared to Monday's closing rate of 1,059.6. REUTERS