EM ASIA FX-Won slides, Kim Jong-il’s death spooks investors

December 19, 2011 | NEWS

SINGAPORE, Dec 19 (Reuters) – The South Korean wonslid on Monday as news of North Korean leader Kim Jong-il’sdeath spooked investors, giving a broad lift to the safe havenU.S. dollar and exacerbating broad weakness in emerging Asiancurrencies. The won led declines in emerging Asian currencies, fallingabout 1.5 percent versus the dollar. News of the North Korean leader’s death dealt a further …
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