Comments
South Korean shares reversed early losses to close higher for a seventh consecutive session on Thursday, with risk appetites underpinned by Federal Reserve Chair Janet Yellen’s hints that the central bank was in no hurry to raise interest rates.
The Korea Composite Stock Price Index (KOSPI) gained 0.13 per cent to end at 1,993.08 points, another five-month closing high.
The South Korean won crept higher against the dollar, finding support from exporter demand for month-end settlements.
The local currency was quoted at 1,097.2 to the dollar at the conclusion of onshore trade, compared with 1,099.0 at the close of Wednesday's session.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.