Wednesday, August 31, 2016

Seoul: Won, stocks tread water; major economies' data awaited

The South Korean won and shares made only small moves early on Wednesday, with many investors staying on the sidelines as views on how soon US interest rates will rise changing often.

The won stood at 1,116.7 as of 0214 GMT, up 0.3 per cent from Tuesday's close of 1,119.9.

The Korea Composite Stock Price Index (Kospi) was down 0.3 per cent at 2,034.60 points.

Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures, expects moves could get sharper as economic indicators from major economies including the US and China come out in the near future.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

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