South Korean won steady

The South Korean won held steady against the dollar on Wednesday in slow trade despite foreign net sales of local stocks, as traders took to the sidelines in a year-end holiday mood. The won ended local trade at 938.8/9.1 per dollar, compared with the previous closing bid of 939.2, after trading in a narrow 2.6-won range during the day.
"Trading continues to be extremely slow ahead of the year-end holiday period, with only a handful of banks involved in trading," said a domestic bank dealer. Seoul stock market's benchmark KOSPI finished down 0.7 percent, as foreign investors turned net sellers of shares worth 20.5 billion won.