You are here

Seoul: Stocks end at lowest in 10 weeks, won down


[SEOUL] South Korean shares finished at a 10-week low on Wednesday as upbeat US economic data revived market expectations that the Federal Reseve will raise interest rates this year.

The Korea Composite Stock Price Index (Kospi) closed down 0.6 per cent at 1,956.73 points.

The South Korean won slipped to the lowest level since mid-March of this year as the dollar perked up. The won was quoted at 1,182.6 to the dollar at the conclusion of onshore trade, down 0.8 per cent compared to Tuesday's close of 1,173.7.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to