Korea’s Won Hits Eight-Month Low as Stock Outflows Continue
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The South Korean won dropped to the lowest level in over eight months amid foreign funds’ selling of local stocks and steady demand for the dollar.The won fell as much as 0.6% to 1,482.25 per dollar on Wednesday, marking the Korean currency’s weakest level since April 9.