You are here

Seoul: Won slips to 5-week low; stocks end slightly higher

5-22600966 - 21_12_2011.jpg

[SEOUL] The South Korean won weakened for a third straight session on Monday, ending near five-week lows on increased dollar demand in the wake of tensions with China over Seoul's decision to deploy a US missile defence system.

The won was quoted at 1,158.0 to the dollar at the conclusion of onshore trade, its lowest since Feb 1. It was down 0.2 per cent compared with Friday's close of 1,156.1.

South Korean shares reversed earlier losses supported by strong foreign stock purchases. The Korea Composite Stock Price Index (KOSPI) closed up 0.1 per cent at 2,081.36 points.


Market voices on: