South Korean won falls; shares touch near 4-year high
[SEOUL] The South Korean won fell against the dollar on Thursday as the greenback strengthened after positive US economic data lifted expectations that Federal Reserve policymakers may soon raise interest rates.
The won ended local trade down 0.2 per cent at 1,082.2 per dollar from the previous close at 1,079.6.
Seoul shares jumped to a near four-year high as offshore investors continued to pour in funds as major corporate earnings beat expectations.
The Korea Composite Stock Price Index (KOSPI) ended up 1.4 per cent at 2,173.41, after rising as high as 2,174.72, its highest intraday level since July 27, 2011. It closed at 2,143.89 on Wednesday.
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
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN