SEOUL: The South Korean won fell early on Tuesday after two sessions of gains as investors sold the currency, acting on worries over the yen's weakness against the dollar.
The local currency was quoted at 1,124.4 against the dollar as of 0025 GMT, compared to Monday's domestic close at 1,122.4.
Although it kept most of its recent gains, the yen was seen slipping early on Tuesday, raising investor concerns over the position of South Korean exporters that compete closely with Japanese counterparts.
However, market participants said the won was not expected to move sharply on Tuesday as they await direction from overseas once trading resumes in US and U.K. markets after holidays on Monday.
The benchmark Korea Composite Stock Price Index was up 0.1 percent.
June futures on three-year treasury bonds ticked down 0.05 points at 106.69.
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