Seoul: Won ends lowest in 2 months, stocks up
[SEOUL] The South Korean won marked a fourth losing session on Tuesday and closed at its lowest level since March 17, 2016.
The won was quoted at 1,172.6 to the dollar at the conclusion of onshore trade, down 0.6 per cent compared to Monday's close of 1,165.8.
South Korean shares finished higher as China's consumer inflation came in at 2.3 per cent in April, staying level for a third month in a row, relieving some worries about the world's second largest economy's health.
The Korea Composite Stock Price Index (Kospi) closed up 0.8 per cent at 1,982.50 point.
REUTERS
KEYWORDS IN THIS ARTICLE
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%