Won Slides Toward Weakest Since 2009 as Global Funds Sell Stocks

South Korea’s won slid toward its weakest level since the global financial crisis, contributing to a broader retreat in Asian currencies. The move was driven by a stronger U.S. dollar and overseas investors selling local equities, signaling worsening risk sentiment and potential pressure on regional FX.

Analysis

South Korea’s won slid toward its weakest level since the global financial crisis, contributing to a broader retreat in Asian currencies. The move was driven by a stronger U.S. dollar and overseas investors selling local equities, signaling worsening risk sentiment and potential pressure on regional FX.