Korean Won and Stock Market Continue Their Slide
The value of the won slipped on September 23, breaking the 1,400 won level against the US dollar in three months. The won started at 1,405 won per dollar for the day and fell as low as 1,409 won before closing at 1,402 won.Affiliates in the finance industry are explaining that the value of won is slipping recently, as the demand for the US dollar for the repayment of foreign debts continues to increase.
Meanwhile, share prices in the stock market continued their six day slide. For the day, the composite stock price index fell by 0.68 points closing at 291.93. Experts in the industry commented that it is not easy to expect a rising trend due to the current shrinkage of confidence related to stock investment.
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)