South Korean stocks steady; won up

Dhaka,  Monday,   2016-09-21
Published : 21 Sep 2016, 15:27:56

South Korean stocks steady; won up

South Korean stocks steady; won up
South Korean shares were marginally higher on Wednesday, with the Korea Composite Stock Price Index (KOSPI) up 0.1 per cent at 2,027.41 points.

The South Korean won edged up as investors sold the greenback and took profits as the investors expecting that the local currency would strengthen when the Bank of Japan announced the outcome of its policy review later in the session.

The won was quoted at 1,115.8 as of 0155 GMT, up 0.4 per cent compared to Tuesday's close of 1,120.6.

Offshore investors were poised to be net sellers, offloading 29.0 billion Korean won ($26.01 million) worth of KOSPI shares near mid-session.

Shares of LG Display Co Ltd and Samsung SDI Co Ltd both rose more than 3.0 per cent.

Decliners outnumbered advancers 414 to 370.

December futures on three-year treasury bonds gained 0.05 point to 110.74, according to a news agency report.

-SRS-
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