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The South Korean won erased early losses to edge up against the dollar on Friday as exporters’ demand for settlements further underpinned the local currency.
The won ended domestic trade up 0.1 per cent at 1,088.3 per dollar, snapping a four-day losing streak. It closed at 1,089.7 on Thursday.
Early in the session, it fell as low as 1,094.1, its lowest in three weeks. For the week, the won slid 1.5 per cent, its sharpest weekly percentage loss since March 13.
On the stock market, the Korea Composite Stock Price Index (KOSPI) ended down 0.3 per cent at 2,085.52 points. During the week, the KOSPI fell 2 per cent, its biggest loss since December 12.
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