Seoul: Won edges down on government warnings, stocks flat

The South Korean won eased on Thursday as traders grew cautious about prospects for further gains after the government issued verbal warnings about the market's moves for the second day in a row.

The won was quoted at 1,093.8 as of 0159 GMT, down 0.4 per cent from Wednesday's close of 1,090.0.

Foreign exchange authorities said the won has been more volatile than other Asian currencies and that they are watching the situation very closely.

"Some bargain hunters are coming in at the 1,090 level, bringing additional pressure on the won," said Jeong My Young, a foreign exchange analyst at Samsung Futures.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