Seoul: Stocks, won slump on edginess over possible Fed rate hike

South Korean shares and the won sagged early on Monday on increased worries the Federal Reserve will hike US rates in September.

The Korea Composite Stock Price Index (Kospi) was down 0.5 per cent at 2,046.04 points as of 0212 GMT.

The won was quoted at 1,124.1, down 0.6 per cent compared with the previous close of 1,117.6. It touched 1,126.5, the weakest level since July 28.

Concerns about the Fed have increased ahead of its annual retreat in Jackson Hole, Wyoming, which begins on Thursday.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg