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S.Korean won higher on weaker dlr; joint military exercise eyed
August 21, 2017 / 6:49 AM / a month ago

S.Korean won higher on weaker dlr; joint military exercise eyed

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SEOUL, Aug 21 (Reuters) - The South Korean won inched up on Monday as the dollar weakened on worries over U.S. politics and investors scrutinised the United States’ and Seoul’s largely computer-based joint military exercise.

The military simulation was carried out against a backdrop of heightened tensions over North Korea’s missile and nuclear programmes.

The won was quoted at 1,139.0 to the dollar at the conclusion of onshore trade, up 0.2 percent compared to Friday’s close of 1,141.3.

South Korean shares edged lower as investor sentiment cooled on concerns about President Donald Trump’s ability to push through his economic agenda.

The Korea Composite Stock Price Index (KOSPI) closed down 0.1 percent at 2,355.00 points.

Offshore investors unloaded a net 20.5 billion won ($18.01 million) worth of KOSPI shares. (Reporting by Dahee Kim; Editing by Eric Meijer)

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