You are here

Seoul: Won ends at 6-wk low on US dollar strength, stocks down

30119626 - 03_12_2013 - FOREX4.jpg

[SEOUL] The South Korean won sagged on Monday as the US dollar remained strong while local equities and Chinese stocks slumped.

The won was quoted at 1,165.8 to the US dollar at the end of onshore trade, down one per cent versus the previous close at 1,154.3, a six week low.

The Korea Composite Stock Price Index finished at a one-month low, closing 0.5 per cent lower at 1,967.81.

Foreigners sold a net 96.3 billion won (S$112.58 million) worth of KOSPI shares.

Manufacturer LG Electronics Inc fell to a near three-month low on the vice chairman's comments about weak performance at its auto electronics business.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to