South Korean stocks and won held steady on Tuesday, with early trade in equities dominated by a jump in shares of Hanjin Shipping Co Ltd after the government stepped in with partial financial support for the collapsed carrier.
The Korea Composite Stock Price Index (Kospi) was almost unchanged at 2,060.24 points as of 0204 GMT, after rising the previous day on reduced chance of a September rate increase in the United States following disappointing jobs data.
The won stood at 1,106.6, little changed from Monday's close of 1,105.1.
"Outside issues have pretty much calmed down for now. Therefore, fundamentals in the South Korean market such as signs of economic recovery would be the key for the Kospi's next movement," said Cho Byung-hyun, a stock analyst at Yuanta Securities.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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