Won Hits 2-Year Low as US Election Spurs Asia Currency Weakness
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South Korea’s won dropped to its lowest in two years, selling off alongside other Asian currencies after Donald Trump won the US presidential vote.
The won fell as much as 1.7% to 1404.06 per dollar, the lowest since November 2022. The currency changed hands at 1404.00 at 7:51 p.m. in Hong Kong.