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Home International Markets

South Korean won, stocks edge up as dollar weakens after trump inauguration

byCT Report
23/01/2017
in International Markets
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SEOUL: The South Korean won and shares ended higher on Monday as the dollar weakened amid uncertainties about new US President Donald Trump’s economic policies. The won was quoted at 1,165.5 to the dollar at the conclusion of onshore trade, up 0.3 percent compared to Friday’s close of 1,169.2.

The Korea Composite Stock Price Index (KOSPI) closed up fractionally at 2,065.99 points. Foreign investors bought a net 136.4 billion won ($117.06 million) worth of KOSPI shares, with purchases accelerating just before the closing bell.

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