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Seoul: Won posts worst fall in 2-1/2 months; shares slip

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[SEOUL] The South Korean won posted its biggest fall against the dollar in 2-1/2 months on Tuesday, as the greenback was broadly stronger after Federal Reserve Chair Janet Yellen's comments last week on the timing of US rate increases.

The won closed local trade down 1.0 per cent at 1,101.0 per dollar after falling as low as 1,101.4, its lowest level since April 14. The local currency suffered its biggest daily percentage fall since March 9.

The Korea Composite Stock Price Index (KOSPI) ended down 0.1 per cent at 2,143.50 points from the previous close at 2,146.10.

REUTERS

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