South Korea: Stocks jump, won ends at 2-month high
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[SEOUL] The South Korean won ended at a near two-month high on Friday, fully recovering losses from the surprise Brexit vote as the market was supported by broad risk sentiment.
The won was quoted at 1,145.0 to the dollar at the end of onshore trade, up 0.6 per cent compared with Thursday's close of 1,151.8.
The currency rose 3 per cent to its biggest weekly percentage gain since late October, 2011.
South Korean shares also ended with the Korea Composite Stock Price Index (KOSPI) closing up 0.9 per cent at 1,987.32 points.
Offshore investors were buyers for three consecutive sessions, purchasing 253.8 billion won (S$295.43 million) worth of KOSPI shares for Friday.
Shares gained 3.2 per cent on the week. It was the biggest weekly percentage gain in almost five months.
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REUTERS
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