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S.Korean won, stocks erase gains on Trump comments, still end at 2-week highs
August 23, 2017 / 7:02 AM / 3 months ago

S.Korean won, stocks erase gains on Trump comments, still end at 2-week highs

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SEOUL, Aug 23 (Reuters) - The South Korean won and shares gave up some of their earlier gains on Wednesday after U.S. President Donald Trump’s threats to force a government shutdown over funding a border wall dented sentiment, but they still ended at two-week highs.

The won was quoted at 1,131.8 to the dollar at the conclusion of onshore trade, up 0.2 percent on Tuesday’s close at 1,133.8.

The Korea Composite Stock Price Index (KOSPI) closed up 0.1 percent at 2,366.40 points.

Both the currency and local stocks closed at their highest since Aug. 9.

Foreign investors purchased a net 105.7 billion won ($93.42 million) worth of KOSPI shares for the day. (Reporting by Dahee Kim)

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