S. Korean won hits 6-month high

Reuters Seoul | Updated on January 23, 2018 Published on April 28, 2015

The South Korean won climbed to a near six-month high against the dollar on Tuesday on expectations the US Federal Reserve will take a dovish stance on the timing of an interest rate hike.

The won ended onshore trade up 0.3 per cent at 1,070.0 per dollar, the highest level since October 31. On Monday, it had closed at 1,073.0.

The Korea Composite Stock Price Index (KOSPI) edged down 0.5 per cent to 2,147.67 points. The main bourse slid for three straight sessions.

Offshore investors snapped a 15-day buying streak, dumping a net 3.5 billion won ($3.27 million) of KOSPI shares, preliminary exchange data showed.

Published on April 28, 2015
This article is closed for comments.
Please Email the Editor