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Markets

South Korea won edges up on US data, Spain; bonds down

Published Updated

won---SEOUL: The South Korean won rose slightly in early domestic trade on Thursday, after positive US housing data and speculation that Spain will soon seek bailout funds eased market concerns about global economic uncertainties.

 

The local currency was quoted at 1,104.9 against the dollar as of 0026 GMT, compared with 1,105.5 at the end of onshore trade on Wednesday.

 

The benchmark Korea Composite Stock Price Index was up 0.1 percent at 1,957.67.

 

December futures on three-year treasury bonds were down 0.09 points at 106.07.

 

Copyright Reuters, 2012

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