Stocks

S. Korean stocks end higher for 4th straight day; won up

Reuters Seoul | Updated on January 22, 2018 Published on November 24, 2015

South Korean shares closed higher for a fourth straight session on Tuesday but the gains were capped by foreign selling and weak commodity prices which weighed on resource companies.

Central bank data on Tuesday showed South Korean household credit grew by 3.0 per cent in the third quarter, which could fuel economic growth but also add to concerns about high debt burdens.

The Korea Composite Stock Price Index (KOSPI) finished up 0.6 per cent at 2,016.29 points.

Offshore investors sold a net 183.6 billion won ($159.23 million) worth of KOSPI shares, preliminary data showed.

The South Korean won ended local trade up 0.4 per cent at 1,153.8 against the dollar. ($1 = 1,153.0600 won).

Published on November 24, 2015
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