Seoul: Shares slip; won hits more than 1-month low

[SEOUL] South Korea's won and stock market fell on Monday as investors braced for the likelihood of a December rate hike by the US Federal Reserve after positive US jobs data.

The South Korean won closed local trade down 1.3 per cent at 1,157.2 per dollar, reaching the lowest intraday level since Oct 8.

On the stock market, the Korea Composite Stock Price Index (KOSPI) closed down 0.8 per cent at 2,025.70 points. Foreigners purchased a net 5.36 billion won (S$6.6 million)worth of KOSPI shares.

REUTERS