(Bloomberg) -- South Korean stocks fell, completing
their worst week since March. Samsung Electronics Co. slid after
the won appreciated to a seven-week high against the dollar,
raising concern the value of exporters' overseas sales will drop.
``When the won strengthens like this, it can't help but have
a negative effect on stocks because of the direct impact on
earnings,'' said Park Seh Ick, who helps manage $1.3 billion at
Hanwha Investment Trust Management Co. in Seoul. ``Exporters
will show a clear reaction to the exchange rates.''
Read more at Bloomberg Stocks News
their worst week since March. Samsung Electronics Co. slid after
the won appreciated to a seven-week high against the dollar,
raising concern the value of exporters' overseas sales will drop.
``When the won strengthens like this, it can't help but have
a negative effect on stocks because of the direct impact on
earnings,'' said Park Seh Ick, who helps manage $1.3 billion at
Hanwha Investment Trust Management Co. in Seoul. ``Exporters
will show a clear reaction to the exchange rates.''
Read more at Bloomberg Stocks News
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