March 10, 2017 / 3:46 AM / 8 months ago

S.Korea stocks, won firm slightly after impeachment ruling

    * KOSPI, won both showing limited change after impeachment
    * Foreign investors set for a fifth straight buying session

 (Updates throughout)
    SEOUL, March 10 (Reuters) - South Korea's share market and
won        gained slightly after the Constitutional Court upheld
the impeachment of President Park Geun-hye, instantly removing
her from office over a graft scandal involving big business that
has gripped the country for months.             
    Park was impeached by parliament in December and stripped of
her powers pending the court's ruling.             
    The Korea Composite Stock Price Index (KOSPI)         gained
0.1 percent to stand at 2,092.293 points as of 0325 GMT.
    The won            stood at 1,157.7 against the dollar,
little changed from Thursday's close of 1,158.1. It briefly
touched its lowest intraday level since Jan. 31 earlier in the
session.
    "If the court upholds the impeachment, it will actually
support the index by clearing up political uncertainties from
the market," said Cho Byung-hyun, a stock analyst at Yuanta
Securities said before the ruling.
    Offshore investors turned to net buyers, purchasing a net
31.5 billion won ($27.22 million) worth of KOSPI shares near
mid-session. 
    Decliners outnumbered advancers 479 to 307.
    March futures on three-year treasury bonds         shed 0.02
point to 109.17. 
    
                       0325 GMT    Prev close
 Dollar/won             1,157.7       1,158.1
 Yen/won             10.0486/65       10.0808
 *KTB futures            109.17        109.19
 KOSPI                 2,092.93      2,091.06
 * Front-month futures on three-year treasury bonds
    

 (Reporting by Dahee Kim; Editing by Jacqueline Wong)
  

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