Friday, June 8, 2007

South Korean Won Weakens as Global Investors Sell Stocks; Bonds Decline

(Bloomberg) -- South Korea's won weakened the most
since May 18 as overseas investors sold the nation's equities
after a drop in global stock markets. Government bonds declined.

The won fell this week as sales of Korean shares by overseas
fund managers today exceeded purchases by the most in a year,
according to Korea Exchange data. The benchmark Kospi index of
equities dropped 1.5 percent today.


Read more at Bloomberg Currencies News

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