The Korea Herald

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Korean currency, stocks most volatile in Asia

By Korea Herald

Published : Oct. 19, 2014 - 20:54

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South Korean currency and stocks have been the worst performers among emerging markets in Asia this month amid concerns of a slow economic recovery and a set of negative external factors, market data showed Sunday.

According to the data, the South Korean won tumbled 2.06 percent against the greenback over the past 17 days, the largest drop among the currencies of seven emerging markets in Asia.

Malaysia came next with a 0.4 percent drop in the value of its currency against the dollar, followed by Indonesia with 0.32 percent, the Philippines with 0.27 percent, Thailand with 0.22 percent, Taiwan with 0.10 percent and Singapore with 0.04 percent.

Korea’s stock market has also been the most volatile among the seven Asian bourses, according to the data.

The benchmark Korea Composite Stock Price Index closed at 1,900.66 Friday, down 6.21 percent from 2,026.60 on Sept. 30. Over the period, the six other Asian markets saw their key indexes drop by between 2.20 percent and 5 percent, according to the data. (Yonhap)