Emerging markets: Philippine peso weakens between 0.2% and 0.5% as S. Korean shares hit 13-month low ahead of Fed meeting

MANILA Jan 24 (Reuters): South Korean shares hit a 13-month low on Monday, leading losses among Asia's emerging stock markets as risk appetite waned on fears the US Federal Reserve could adopt a more aggressive stance on policy tightening at its meeting later this week.

The dollar index, which measures the greenback against six major peers, was steady at 95.783, while the yuan gained 0.1%. Asian currencies were weaker. India's rupee, South Korea's won and the Philippine peso weakened between 0.2% and 0.5%.