Seoul: Won ends near 1-week low on strong dollar; stocks steady
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] The South Korean won fell to its weakest level in nearly one week on Monday as the US dollar stayed strong after Federal Reserve Chair Janet Yellen suggested that an interest rate hike could be around the corner.
The won was quoted at 1,191.8 per dollar at the conclusion of onshore trade, down 1.1 per cent from Friday's close of 1,179.3.
South Korean shares were little changed amid foreign investors' continued buying.
The Korea Composite Stock Price Index (Kospi) closed down 0.1 per cent at 1,967.13.
Offshore investors bought a net 121.9 billion won (S$141.3 million) worth of Kospi shares.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
