InfoAnda - S.Korean won ends down 1.7 pct on econ worries

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: S.Korean won ends down 1.7 pct on econ worries Reuters - 1 hour 33 minutes ago SEOUL, Dec 2 - The South Korean won ended local trade down 1.7 percent against the dollar on Tuesday as renewed concerns over the impact of a global recession on the export-driven economy punched down local shares. The won <KRW=> initially fell as much as 2.9 percent but recovered some of its early losses as some traders cited dollar-selling intervention by the authorities and on exporters demand for settlements. The local currency was quoted at 1,464.5/4.6 per dollar as of 0600 GMT, compared with Monday's domestic close <KRW=KFTC> of 1,440.0. It slid to as low as 1,482.9. Seoul shares <.KS11> closed down 3.35 percent as foreign investors unloaded a net 19.5 billion won worth of stocks in the country's main exchange. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Nikkei index tumbles after US plungeAP - 23 minutes ago After another sell-off, nations try again on credit crunchAFP - 33 minutes ago S Korea faces challenge as global slump hits exports: presidentAFP - 51 minutes ago Hynix says China JV stake sale to Numonyx delayedReuters - 52 minutes ago Related Articles: Business JGBs rise on Nikkei's slide, surge in TreasuriesReuters - 15 minutes ago Mining group Vedanta launches $250 mln share buybackReuters - 17 minutes ago TEXT-BOJ takes steps to ease firms' funding squeezeReuters - 18 minutes ago South Korean won down as econ worries hit sharesReuters - 18 minutes ago Boeing engineers, tech workers ratify contractsAP - 21 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Wall Street plunges as recession becomes reality World AIDS Day highlights big challenges 20 years on Saudi king says 75 dollar oil price 'fair' Love handles increase death risk: study World's oldest person dies at 115 years View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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