S. Korean shares inch up ahead of US payrolls data

Reuters Updated - January 24, 2018 at 04:51 PM.

South Korean shares reversed narrow losses seen earlier in the session to end a shade higher on Friday, although a mood of caution prevailed in the market ahead of the key US non-farm payrolls report due for release later in the day.

The Korea Composite Stock Price Index (KOSPI) gained 0.14 per cent to close at 1,955.52 points.

The South Korean won closed a tick higher against the dollar on Friday, underpinned by a $1.1-billion block deal of Hyundai Glovis shares which boosted demand for the local currency by offshore funds.

The local currency was quoted at 1,089.7 to the dollar at the conclusion of onshore trade, compared with 1,090.5 at Thursday's close.

Published on February 6, 2015 06:17