Seoul: Stocks rise, won trims gains on BOJ policy overhaul
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korean shares edged up on Wednesday after the Bank of Japan adopted a target for long-term interest rates in an overhaul of its massive monetary stimulus programme.
The Korea Composite Stock Price Index (Kospi) closed 0.5 per cent higher at 2,035.99, with foreign investors buying a net 88.3 billion won (S$107.48 million) worth of Kospi shares.
The won pared gains made earlier in the session, tracking the Japanese yen which weakened against the US dollar and euro after the BOJ's decision.
The South Korean currency was quoted at 1,120.1 to the US dollar at the conclusion of onshore trade, little changed compared with Tuesday's close of 1,120.6.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
