support@instantforexsupport.com

Forex Broker News

avtar

S.Korean stocks take a breather after strong rally, won weakens

SEOUL, May 30 (Reuters) - South Korean shares fell on Tuesday as investors took profits from the main bourse after a strong rally that was boosted by expectations for stronger economic growth and second-quarter earnings. 

 

The Korea Composite Stock Price Index (KOSPI) .KS11 closed down 0.4 percent at 2,343.68 points. 

 

Foreign investors sold a net 50.5 billion won ($44.90 million) of KOSPI shares for the day. 

 

The South Korean won KRW= also inched down amid cautious trading ahead of economic data releases in the U.S. jobs data and exports data at home mainly in focus. 

 

The South Korean won KRW= also inched down amid cautious trading ahead of jobs data in the United States and export data at home. 

 

The won KRW=KFTC was quoted at 1,125.1 to the dollar at the conclusion of onshore trade, down 0.3 percent from Monday's close of 1,121.7. 

Read More

RELATED ITEMS


Do you Want Know more about Forex Brokers?