Forex

S. Korean won up on US policy uncertainty

Reuters Seoul | Updated on January 24, 2018 Published on March 24, 2015

The South Korean won extended gains to hit a more than two-week high on Tuesday as uncertainty over the timing of US interest rate hikes lifted some emerging-market currencies.

The won finished onshore trade up 0.9 per cent at 1,104.6 per dollar, just off a session high of 1,104.5, its strongest since March 6.

The Korea Composite Stock Price Index (KOSPI) edged up 0.2 per cent to 2,041.37 points, its highest close in six months. Foreigners were net buyers of local shares for an eighth consecutive session.

Published on March 24, 2015
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