Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between US dollar and South Korean won, top centre, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 7, 2025. - AP
SEOUL: The South Korean won's value against the dollar weakened to its worst in over 16 years Tuesday (April 8) as investors shifted to low-risk assets amid the escalating tension in the US-China trade war.
The local currency closed daytime trading with its value per dollar standing at 1,473.2 won, weakening by 5.4 won from the previous trading session. In terms of daytime close, the won plunged to its weakest value since the 1,483.5 won on March 13, 2009.
