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Thursday, August 11, 2022

Seoul shares recover slightly from month low; won edges higher

Seoul shares recover slightly from month low; won edges higherSEOUL: Seoul shares closed lower on Monday after touching a month-low in early trading on growing prospects the US Federal Reserve will raise interest rates in September on the back of a solid US jobs report.

The Korea Composite Stock Price Index (KOSPI) closed down 0.4 percent at 2,003.17 points, falling for a third consecutive session. It fell as much as 0.8 percent to 1,993.96 points in the morning, the lowest since July 9.

Foreigners were net sellers for a fourth straight day, offloading a net 218.9 billion won ($ 188 million) worth of KOSPI shares during the period.

The won closed up 0.4 percent at 1,163.2 per dollar as investors pared bullish bets on the greenback following US non-farm payrolls data.

Copyright Reuters, 2015

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