South Korean stocks nearly flat

Dhaka,  Wed,  20 September 2017
Published : 17 Oct 2016, 12:34:38

South Korean stocks nearly flat

South Korean stocks nearly flat
South Korean shares edged lower on Monday.  The Korea Composite Stock Price Index (KOSPI) standing down 0.1 per cent at 2,021.36 points. 

Offshore investors were set to be net buyers, purchasing 59.8 billion Korean won ($53.64 million) worth of KOSPI shares near mid-session.

The South Korean won slumped as positive US economic data strengthened views that the Federal Reserve will hike interest rates in December. 

The won stood at 1,140.7 against the dollar as of 0223 GMT, 0.8 per cent weaker than its previous close of 1,132.1. It touched its weakest intraday level since July 26 of this year.

Shares of LG Chem Ltd, South Korea's largest chemical company, gained 1.3 per cent. Automobile manufacturer Hyundai Motor Co rose more than 1.0 per cent.

Decliners outnumbered advancers 513 to 272.

December futures on three-year treasury bonds shed 0.11 point to 110.60, according to a news agency report.

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