Korean won slides past 1,510 amid foreign selloff

The South Korean won weakened past the 1,510 per dollar level in intraday trading Wednesday, hitting its lowest level in more than a month as soaring US Treasury yields and heavy foreign selling in local equities pressured the currency. The won opened onshore trading at 1,509 per dollar and quickly fell past the 1,510 threshold. It later weakened to as low as 1,513.4 before trading at around 1,512.5 as of 2 p.m. The currency breached the 1,510 level during daytime trading for the first time sinc

By The Korea Herald