The South Korean won currency on Tuesday fell to the weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar level, as foreign investors sold the country’s assets on the growing concerns over a wider Middle East conflict and expectations of the US Federal Reserve’s slower interest rate cut.
The won lost as much as 1.1% to 1,400 per dollar, the weakest since Nov. 7, 2022, in the domestic foreign exchange market. The South…
