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Seoul: Stocks surge, closing at a near 6-yr high
[SEOUL] South Korean shares soared to a near six-year closing high on Tuesday, aided by investor expectations that companies' first-quarter earnings will be strong.
The Korea Composite Stock Price Index (KOSPI) closed up 1 per cent at 2,178.38 points, the highest close since July 8, 2011.
The South Korean won erased earlier gains, snapping past four-day gaining streak.
The won was quoted at 1,120.3 to the dollar at the conclusion of onshore trade, little changed compared to Monday's close of 1,120.1.