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Won Slides Toward Weakest Since 2009 as Global Funds Sell Stocks

Won Slides Toward Weakest Since 2009 as Global Funds Sell Stocks
Bloomberg Markets Wednesday 01 July 2026, 02:52 UTC By Hooyeon Kim 1 min read
Key Points

Currencies Won Slides Toward Weakest Since 2009 as Global Funds Sell Stocks South Korea’s won slid toward its weakest level since the global financial crisis, leading a retreat in Asian currencies, as the dollar strengthened and overseas investors sold local equities. The won declined as much as 0.6% to 1,559.10 per dollar after depreciating to 1,562.20 last month, a level last seen in March 2009. Overseas investors sold a net 1.46 trillion won ($938 million) of stocks in the Kospi index on...

Currencies Won Slides Toward Weakest Since 2009 as Global Funds Sell Stocks South Korea’s won slid toward its weakest level since the global financial crisis, leading a retreat in Asian currencies, as the dollar strengthened and overseas investors sold local equities. The won declined as much as 0.6% to 1,559.10 per dollar after depreciating to 1,562.20 last month, a level last seen in March 2009. Overseas investors sold a net 1.46 trillion won ($938 million) of stocks in the Kospi index on Wednesday, set for an eighth straight day of outflows.
South Korea’s (LOCATION) Asian (ORG) Kospi (PERSON)
Originally published by Bloomberg Markets Read original →

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