Seoul: Stocks rise as Fed worries ease; won recovers

South Korean shares rose early on Tuesday on easing concerns of an interest rate increase in the United States as early as September, with buying from offshore investors and domestic institutions underpinning the market.

The Korea Composite Stock Price Index (Kospi) was up 0.8 per cent at 2,049.21 points as of 0217 GMT.

Kim Sung Hwan, a stock analyst at Bookook Securities, said that foreign investors are buying the local equities in tandem with the won's bounce from Monday's loss.

The won has been under pressure after hawkish comments from Federal Reserve Chair Janet Yellen on Friday kept the US dollar well bid.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg