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Seoul: Won falls to 2-yearr low; shares see 3-day win streak end


[SEOUL] The South Korean won slid to a 2-year low against the dollar on Tuesday as Greece's deal with its creditors allowed markets to refocus attention on expectations the US will raise interest rates later this year.

The won closed local trade down 1.1 per cent to 1,142.6 against the dollar, the lowest level since July 10, 2013. The percentage drop was the biggest since June 8.

The Korea Composite Stock Price Index (KOSPI), which rose the previous three days, slipped 0.1 per cent to 2,059.23 points, from Monday's close of 2,061.52.