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South Korean shares closed higher on Tuesday as investors cheered better-than-expected Chinese economic growth data, while hopes of bolder stimulus measures from the European Central Bank (ECB) also underpinned the sentiment.
The Korea Composite Stock Price Index (KOSPI) gained 0.8 per cent to close at 1,918.31 points.
The South Korean won slumped against the dollar on Tuesday, as a weakening Japanese yen prompted investors to cut bullish positions in the local currency on heightened risk of intervention by the financial authorities.
The won was quoted at 1,088.4 to the dollar at the conclusion of onshore trade, compared with 1,078.0 seen at the end of Monday’s session.
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