Korean ADRs Sink to 7-Month Low on Tension as CDS Surge
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South Korean shares in the U.S. fell to the lowest level since September, the won tumbled and credit risk surged as the government said North Korea may be ready to conduct a nuclear test or missile launch as early as this week.
The Bank of New York Mellon Korea ADR Index, which tracks American depositary receipts of South Korean companies in New York, lost 0.5 percent to 170.93, the lowest close since Sept.