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.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.