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South Korea: Shares close at highest in nearly 4 years, won firm too

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[SEOUL] South Korea's benchmark share index ended above the 2,100 level for the first time in nearly 4 years on Tuesday, underpinned by capital inflows and expectations that China, South Korea's biggest trading partner, will take steps to boost its economy.

The Korea Composite Stock Price Index (KOSPI) rose for a third consective session, climbing 0.6 per cent to 2,111.72, its highest close since Aug 2, 2011.

The won ended onshore trade up 0.4 per cent at 1,094.0 per dollar, snapping a five-day losing streak. It closed at 1,098.6 on Monday.

REUTERS

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