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Seoul: Won erases losses as exporters support; stocks down tad

Monday, February 29, 2016 - 14:15

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[SEOUL] The South Korean won finished Monday's trade up slightly on exporters' sales of dollars for month-end settlements, bouncing from an intraday slide to the lowest point against the greenback since mid-2010.

The local currency was quoted at 1,236.7 to the dollar at the conclusion of onshore trade, up 0.1 per cent compared to Friday's close of 1,238.2.

South Korean shares showed little movement during the session, with the Korea Composite Stock Price Index (KOSPI) closing down 0.2 per cent at 1,916.66 points.


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