Markets

South Korea won ends down on profit-taking ahead of holiday break

Published September 17, 2013 Updated September 17, 2013 06:10am

1 min

By Shoaib Ur Rehman

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SEOUL: The South Korean won edged down in domestic trade on Tuesday, weighed by profit-taking pressures as investors repositioned to guard against the US Federal Reserve's policy meeting as the local markets head into a long holiday break.

The won was quoted at 1,084.1 against the dollar at the end of onshore trade, compared with Monday's domestic close of 1,082.2.

Local markets will be closed for the Chuseok holidays for the rest of this week and will reopen on Sept. 23.

The won ended the truncated week up 0.3 percent against the dollar, marking the fourth consecutive week of gains.

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