Seoul: Won sags as dollar maintains broad strength; stocks steady
[SEOUL] The South Korean won fell on Thursday on broad strength in the US dollar and a slight pullback in risk appetite.
The won was quoted at 1,175.9 to the US dollar at the conclusion of onshore trade, down 0.6 per cent compared to Thursday's close of 1,169.2.
South Korean shares were little changed with the Korea Composite Stock Price Index (Kospi) closing at 1,980.55 points.
Offshore snapped a four-day selling spree and bought a net 56.8 billion won (S$68.364 million) worth of Kospi shares, but local institutions offset the positive influence on the index by selling on the day.
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%