S.Korean won climbs to near 2-week high, stocks slip

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SEOUL, July 12 (Reuters) – The South Korean won ended
near two-week highs on Wednesday, as emails released by U.S.
President Donald Trump’s son caused more controversy for his
administration, taking a toll on the greenback.

The won strengthened 0.5 percent from Tuesday’s
close to 1,145.1 against the dollar at the conclusion of onshore
trade, its highest close since June 30.

The emails, released by Donald Trump Jr., showed that he
welcomed support from Russia for his father’s 2016 election
campaign.

South Korean shares took a breather with the Korea Composite
Stock Price Index (KOSPI) ending down 0.2 percent at
2,391.77 points.

Offshore investors turned to net buyers of KOSPI shares.
They purchased 89.1 billion won ($77.9 million) worth of local
equities.
(Reporting by Dahee Kim; Editing by Jacqueline Wong)

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