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Seoul: Won ends at over 6-mth low on low risk demand; events awaited

3_30119626.3 (39716378) - 02_09_2016 - FOREX4.jpg

[SEOUL] The South Korean won slid to a more than six-month low on Monday as a broadly risk-averse mood continued ahead of Federal Reserve Chair Janet Yellen's Baltimore speech and the outcome of the Bank of Japan's meeting on Tuesday.

The won was quoted at 1,186.9 to the dollar at the conclusion of onshore trade, its lowest level since June 1, 2016. It was down 0.3 per cent compared to Friday's close of 1,183.9, marking a fourth consecutive decline.

South Korean shares were flat, with the Korea Composite Stock Price Index (KOSPI) closing down 0.2 per cent at 2,038.39 points.


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