South Korean shares closed Monday’s session with a modest rally, led by hefty gains in commodity-linked sectors such as refiners and shipbuilders after oil prices rebounded to snap a seven-week losing streak.
The Korea Composite Stock Price Index (KOSPI) climbed 0.77 per cent to close at 1,902.62.
The South Korean won pared earlier losses to drift a shade lower against the dollar on Monday, tracking gains in the yen after a plunge in Chinese stocks triggered a flurry of safe-haven bids for the Japanese currency.
The won was quoted at 1,078.0 to the dollar at the conclusion of onshore trade, compared with 1,077.3 at the close on Friday.
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Published on January 19, 2015
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