S.Korean stocks rally for 7th session, won spikes

* For the midday report, please click

SEOUL, July 21 (Reuters) – South Korean shares ended at a
record high on Friday as foreign investors accelerated their
purchases in local equities later in the session.

The Korea Composite Stock Price Index (KOSPI) closed
up 0.3 percent at 2,450.06 points.

Offshore investors purchased a net 282.4 billion won worth
of KOSPI shares for the day.

The South Korean won spiked as risk-on mood was
supported by the European Central Bank’s comments to put the
tapering issue on the table this autumn, which broadly pressured
the dollar.

The won was quoted at 1,118.2 to the dollar at
the conclusion of onshore trade, up 0.7 percent compared to
Thursday’s close of 1,125.5.

For the week, the KOSPI and the won gained 1.5 percent and
1.4 percent each, respectively.

(Reporting by Dahee Kim; Editing by Jacqueline Wong)


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