Tuesday, July 19, 2016

S.Korea won, shares slide on dollar strength, IMF growth cut

* Investors turning away from risky assets as IMF cut growth

* Foreigners set to be stock-buyers for 10 straight days

SEOUL, July 20 (Reuters) - The South Korean won and

shares slumped early on Wednesday as the greenback rose to a

four-month high on positive U.S. economic data and risk-aversion

returned after the International Monetary Fund cut global growth

forecasts.

The won was quoted at 1,139.3 as of 0211 GMT,

down 0.3 percent compared with Tuesday's close of 1,135.5.

The Ko

Read more

No comments:

Post a Comment