South Korean Won Hits 17-Year Low

The South Korean won fell to a 17-year low against the U.S. dollar on Monday, trading at 1,495.5 won per dollar at the Korean Stock Exchange close, down 19.1 won from the previous session. The decline followed oil price spikes — U.S. WTI surpassed $100 per barrel — and a broad dollar rally amid fears the U.S.-Israeli operation could escalate into a regional war, increasing market volatility.