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Seoul: Won down for 4th day amid deepening political crisis

Monday, November 14, 2016 - 14:56

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[SEOUL] The South Korean won and stocks slid on Monday as a political crisis engulfing President Park Geun-hye deepened with a huge protest over the weekend further sapping investor confidence.

The won was quoted at 1,171.9 to the dollar at the conclusion of onshore trade, marking a fourth straight losing session. It was down 0.6 per cent compared to Friday's close of 1,164.8.

The Korea Composite Stock Price Index (KOSPI) closed down 0.5 per cent at 1,974.40 points.

Offshore investors sold a net 334.0 billion won (S$403.6 million) worth of KOSPI shares.

REUTERS

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