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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World S.Korea won stable; stocks, control woes offset Fed Reuters - Friday, October 29 Send IM Story Print SEOUL, Oct 29 - The South Korean won consolidated against the dollar early on Friday as weaker local stocks and worries about controls against hot money inflows offset investors' reassessment about the pace of any further easy by the U.S. Federal Reserve. The won <KRW=> started local trade stronger, reflecting overnight's broad fall in the greenback in tandem with Treasury yields. But the local currency turned slightly lower on weaker stocks and the Financial Times quoted President Lee Myung-bak as saying any additional measure that his country may take to smooth capital inflow should not be interpreted as capital controls. [ID:nTOE69S00K] The Bank of Korea governor also issued another warning about offshore fund inflows into emerging markets, saying they posed a risk to financial markets. [ID:nTOE69R0BJ] The South Korean unit was quoted at 1,123.5/4.0 per dollar as of 0050 GMT, compared with Thursday's domestic close <KRW=KFTC> of 1,123.8. "The won came under pressure again from weaker stocks and regulation risks. But I wonder how much it would fall considering exporters' demand for end-month settlements," said a foreign bank dealer. Seoul shares <.KS11> fell 0.88 percent as foreign investors sold a net 114.1 billion won worth of stocks on the main exchange. Currency investors have showed muted reactions yet on data showing industrial output in September shrank for a second consecutive month from the previous month [ID:nSUL000177] 0050 GMT Prev close Won 1,123.5/4.0 1,123.8 Yen/won 13.8772/885 13.7679/745 KOSPI 1,891.05 1,907.87 (Reporting by Cheon Jong-woo and Lee Kyoung-ho; Editing by Ken Wills) Recommend Send IM Story Print Related Articles Australia to look at carbon offsets for miners Reuters - 25 minutes ago Taiwan's HTC sees record Q4 revenue Reuters - 28 minutes ago India o/n rates hit 2-yr high on Coal India refund Reuters - 29 minutes ago Sony returns to black in Q2, revises outlook higher AFP - 30 minutes ago US-BUSINESS Summary Reuters - 33 minutes ago News Search Top Stories Total reports 2.5 bln euro third quarter profit Argentina mourns death of former president EU moves towards 'limited' treaty change Halliburton knew oil disaster cement was unstable: probe Billions in Afghanistan aid dollars unaccounted for: audit More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Conservation hope as vertebrates face extinction IMF says dollar 'overvalued' Spectacular unknown species found in Amazon Bond's Aston Martin sold at auction for 2.6 million BASF profit jumps five-fold to 1.25 billion euros More Most Viewed » Time, like all good things, may come to an end: study Spectacular unknown species found in Amazon Too much TV psychologically harms kids: study Iranian chocolate thief 'to have hand chopped off' Ancient galaxy is more than 13 billion light years away More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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