South Korean won narrowed losses early afternoon on Tuesday with dealers suspecting government intervention to support the local currency, which hit its lowest in more than four years against the U.S. unit.

The won was last quoted at 1,152.9/5.6 per dollar at 0442 GMT, recovering from intraday low of 1,165.8. South Korean financial markets were closed on Monday and the won closed at 1,109.1 per dollar on Friday.

source: http://www.afxnews.com

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