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Seoul: Stocks rise on positive US cues; won edges up
[SEOUL] South Korean shares rose on Wednesday tracking Wall Street's overnight moves, though caution ahead of a policy rate decision by the Federal Reserve due later in the day limited the gains.
The Korea Composite Stock Price Index (KOSPI) closed up 1.4 per cent at 1,897.87 points, marking its biggest daily percentage gain since Friday.
The South Korean won was quoted at 1,202.0 to the dollar at the conclusion of onshore trade, up 0.2 per cent compared to Tuesday's onshore close of 1,204.2.