Seoul: Won closes down as US bond yields rise; shares up

[SEOUL] The South Korean won edged down against the dollar on Tuesday as US bond yields sapped appetite for riskier assets in favour of the greenback.

The won closed local trade down 0.2 per cent to 1,088.1 per dollar after falling as low as 1,093.0. The local currency closed at 1,085.6 on Monday.

The Korea Composite Stock Price Index ended up 0.3 per cent at 2,120.85 points.

The Korea exchange said early in the session that the daily price movement band for stocks listed on South Korea's two main exchanges will be doubled to 30 per cent up or down from June 15.

REUTERS