BREAKING NEWS:
Home »Markets » FXMM » Asia » South Korean won inches down after a 4-day rally, stocks little lower

SEOUL: The South Korean won ended a slightly weaker on Wednesday, having run into some profit-taking after hitting a six-week high the previous day.

The won was quoted down 0.2 percent at 1,118.3 to the dollar at the conclusion of onshore trade, compared to Tuesday's close of 1,116.0. The weaker finish followed four consecutive days of gains.

South Korean shares were also flat and the Korea Composite Stock Price Index (KOSPI) closed down 0.1 percent at 2,293.08 points.

Foreign investors turned to net buyers of KOSPI shares at the last minute of the trade, purchasing 7.1 billion won ($6.36 million) worth.

Copyright Reuters, 2017
 

the author

Leave a Reply

Your email address will not be published. Required fields are marked *

Close
Close
Top