Seoul: Won closes down for a third session, stocks edges up

[SEOUL] The South Korean won fell for a third day on Friday to near one-month low, while stocks struggled to recover on underlying worries about capital outflows in the wake of the Federal Reserve's signal to step up the pace of rate hikes next year.

The won was quoted at 1,183.9 to the US dollar at the conclusion of onshore trade, down 0.46 per cent compared to Thursday's close of 1,178.5.

The Korea Composite Stock Price Index (Kospi) closed up 0.27 per cent at 2,042.24 points.

REUTERS