Korean Won Falls to Five-Month Low After BOK Keeps Rates Steady
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South Korea’s won fell to a five-month low as overseas investors pulled money from local stocks after the central bank left interest rates unchanged. Government bonds declined.
The currency dropped by the most in six weeks after global funds cut their holdings of shares included in the Kospi Index by 182 billion won ($164 million) today, exchange data show. The Bank of Korea kept its benchmark seven-day repurchase rate at