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S. Korean Currency, Stocks Mark Largest Drops in Asia
(MENAFN- QNA) South Korean currency and stocks marked the largest drops among emerging markets in Asia this month.
According to the government and the financial market, the Korean won fell 2.06% against the United States dollar this month, posting the largest drop among the currencies of seven emerging markets in Asia.
The won's drop is about five times as much as that of the Malaysian currency, which ranked second with a drop of 0.4%, according to Korea's (KBS WORLD) website.
South Korea's stock market has also been the most volatile among the seven Asian bourses. The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 6.21% this month.
Over the same period, Taiwan's stocks slipped five percent, while Singaporean shares fell 3.7%.
According to the government and the financial market, the Korean won fell 2.06% against the United States dollar this month, posting the largest drop among the currencies of seven emerging markets in Asia.
The won's drop is about five times as much as that of the Malaysian currency, which ranked second with a drop of 0.4%, according to Korea's (KBS WORLD) website.
South Korea's stock market has also been the most volatile among the seven Asian bourses. The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 6.21% this month.
Over the same period, Taiwan's stocks slipped five percent, while Singaporean shares fell 3.7%.
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