Seoul: Shares higher, won snaps 5-day winning streak
[SEOUL] The South Korean won snapped a five-session winning streak on Tuesday as investors turned cautious on riskier assets as the year draws to a close, while stocks edged higher.
The won ended local trade down 0.4 per cent at 1,169.6 per dollar. It had gained 1.6 per cent over the previous five sessions.
Seoul shares recouped early losses, led by sharp gains in medical supplies stocks on the ex-dividend date.
The Korea Composite Stock Price Index (KOSPI) closed up 0.1 per cent at 1,966.31 points in a choppy session.
Foreign investors were net sellers for the 19th straight session, pressing the KospiI and the won.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results