The Business Times
The Business Times
Subscribe
View more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Seoul: Won recoups losses after rate cut, shares fall for 4th day

Published Thu, Mar 12, 2015 · 06:22 AM
Share this article.

[SEOUL] The South Korean won regained ground from its earlier slide to end onshore trade up against the dollar on Thursday as traders took profits from the dollar's recent rally after the Bank of Korea surprisingly cut rates.

The won stood at 1,126.4 against the dollar, nearly flat from its domestic close of 1,126.5 on Wednesday.

The Korea Composite Stock Price Index (KOSPI) erased modest gains earlier in the session and fell for a fourth straight day, finishing down 0.5 per cent at 1,970.59 points.

REUTERS

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

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here