The won lost as much as 0.9%, weakening to 1.161.4 per dollar, making it the worst performer in the region on the day.
Bengaluru: The won slipped to its weakest level in more than two years after South Korea posted an unexpected contraction in its economy during the first quarter, while strong gains in the dollar weighed on most other Asian currencies.
Gross domestic product (GDP) data released in early Asian trading hours showed that South Korea’s economy suffered its worst quarter since the global financial crisis, as investments and exports slumped in response to Sino-US trade tensions and cooling Chinese demand.
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