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Seoul: Won ends lower on dollar strength, stocks edge down

Wednesday, August 24, 2016 - 16:03
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[SEOUL] The South Korean won slipped on Wednesday as the dollar strengthened, helped by solid US home sales data.

The won was quoted at 1,122.0 to the US dollar at the conclusion of onshore trade, down 0.6 per cent from Tuesday's close of 1,115.6.

South Korean shares also edged down , as market participants held their positions ahead of the Jackson Hole meeting of global central banks.

The Korea Composite Stock Price Index (Kospi) closed down 0.3 per cent at 2,043.76 points.

Foreign investors sold a net 70.1 billion won (S$83.8 million) of Kospi shares for the day.

REUTERS

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