May
19
Won Falls a Third Week as Fed Rate Risk Spurs Capital Outflows
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Currency rises on Friday as G-7 officials meet in Japan
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Stocks drop a fourth week; bonds halt run of daily declines
South Korea’s won dropped for a third week in the longest stretch of losses since February on concern a U.S. interest-rate increase will spur capital outflows.
Overseas investors were net sellers of South Korean shares for a second week, helping drive the Kospi index to a two-month low as a raft of U.S. data backed the case for tighter monetary policy. Minutes of the Federal Reserve’s most recent meeting stirred speculation policy makers will raise rates as soon as next month, contributing to declines in emerging-market stocks and currencies…
Won Falls a Third Week as Fed Rate Risk Spurs Capital Outflows
