Seoul: Shares hit 2-1/2 mth high on Greece relief; won falls
[SEOUL] South Korean shares scaled a 2-1/2 month peak on Monday as investors were relieved by a compromise deal between Greece and its creditors that prevented the debt-strapped nation from defaulting.
The Korea Composite Stock Price Index (KOSPI) rose 0.35 per cent to finish at 1,968.39 points, its highest closing level since December 9.
The South Korean won stumbled against the dollar on Monday, as investors played catch-up to falls in the local currency's offshore rate during an extended holiday break for domestic markets.
The won was quoted at 1,108.7 to the dollar at the conclusion of onshore trade, compared to the previous session close of 1,101.8 last Tuesday.
The South Korean financial markets were closed from Wednesday through Friday last week for the Lunar New Year holidays.
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
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data