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S.Korean won slumps as U.S. jobs data supports dollar; stocks flat
January 9, 2017 / 6:48 AM / 8 months ago

S.Korean won slumps as U.S. jobs data supports dollar; stocks flat

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SEOUL, Jan 9 (Reuters) - The South Korean won posted more losses on Monday as positive U.S. jobs data for December helped the dollar stand tall against major currencies, such as the euro and Japanese yen, putting further pressure on the won currency.

The won was quoted at 1,208.3 to the dollar at the conclusion of onshore trade, down 1.3 percent from Friday’s close of 1,193.0.

South Korean shares were nearly unchanged, with the Korea Composite Stock Price Index (KOSPI) standing at 2,048.78 points at the closing bell.

Offshore investors have been net buyers for nine straight sessions, and bought 255.1 billion won ($211.25 million) worth of KOSPI shares for the day. (Reporting by Dahee Kim; Editing by Clarence Fernandez)

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