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S.Korean stocks and won gain, look past cyber attack, N.Korea risks
May 15, 2017 / 6:52 AM / 4 months ago

S.Korean stocks and won gain, look past cyber attack, N.Korea risks

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SEOUL, May 15 (Reuters) - South Korean shares edged up on Monday along with other Asian markets, despite worries of disruption from the “Wannacry” ransomeware cyberattack and a missile test by North Korea over the weekend.

The Korea Composite Stock Price Index (KOSPI) closed up 0.2 percent at 2,290.65 points, staying close to a record high of 2,296.37 reached on May 11.

Foreign investors were net sellers, offloading 95.9 billion won ($85.42 million) worth of KOSPI shares.

The South Korean won gained 0.34 percent, shrugging off Sunday’s test-launch of a ballistic missile by North Korea.

The won was quoted at 1,123.6 to the dollar at the conclusion of onshore trade, up compared to Friday’s close of 1,127.4.

$1 = 1,122.7100 won Reporting by Cynthia Kim; Editing by Shri Navaratnam

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