S. Korea won, shares drop
09 November 2015, Nirapad News: South Korea’s currency and stock market both weakened on Monday morning as better-than-expected US jobs data increased expectations the US Federal Reserve will tighten monetary policy in December. The South Korean won fell 1.0 per cent to 1,152.7 per dollar as of 0233 GMT. The Korea Composite Stock Price Index (KOSPI) was down 0.3 per cent at 2,034.52. Losers outnumbered gainers by 4-to-1. Steelmaker POSCO sagged 1.7 per cent, and Samsung Heavy Industries Co Ltd lost 5.0 per cent. Foreign investors sold 7.6 billion Korean won net worth of KOSPI shares near mid-session, weighing on the index. December futures on three-year treasury bonds shed 0.22 points at 109.12, according to Reuters.