Seoul: Stocks close at 9-month high; won inches down
[SEOUL] South Korean shares were firmer on Friday and ended at a 9-month high as foreigners and local institutions' purchases modestly supported the main bourse.
The Korea Composite Stock Price Index (KOSPI) closed up 0.1 per cent at 2,050.46, its highest since Nov 4, 2015.
Foreign investors purchased a net 61.6 billion won (S$75.18 million) worth of KOSPI shares.
On a weekly basis, the stocks gained 1.6 per cent, biggest gain in three weeks.
The South Korean won edged down, but ended the week up as it has escalated much earlier this week on global risk rally.
The won was quoted at 1,103.3 to the dollar at the conclusion of onshore trade, down 0.4 per cent from Thursday's close of 1,099.5.
The currency rose 0.6 per cent for the week, marking its third straight week of gains.
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
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
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%