April 25, 2019 10:59
The Korean won on Wednesday fell to less than W1,150 against the U.S. dollar to the lowest level in a year and nine months.
The won closed down W9.1 at W1,150.9, the lowest since July 11, 2017.
The main reason for the soaring dollar was a spike in U.S. shares. The New York Stock Exchange soared to a record high the previous day buoyed by strong earnings of listed companies.
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