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Companies & Markets

Seoul: Won inches up while ECB meeting eyed; stocks rise

Published Thu, Apr 21, 2016 · 06:31 AM
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[SEOUL] The South Korean won strengthened slightly on Thursday, its third straight day of gains, while traders awaited decisions from a European Central Bank policy meeting.

The won was quoted at 1,132.9 to the US dollar at the conclusion of onshore trade, up 0.2 per cent compared to Wednesday's close of 1,135.2.

South Korean shares rose, mainly due to foreigners being net buyers for a seventh straight day.

The Korea Composite Stock Price Index (KOSPI) closed up 0.8 per cent at 2,022.10 points.

On Thursday, foreigners were net buyers of 157.8 billion won (S$187.72 million) of shares.

REUTERS

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