S. Korean won rises against U.S. dollar

The Korean won experienced a rise against the US dollar on Thursday, continuing its upward trend for the fifth consecutive day. By 3:30 p.m., the exchange rate was recorded at 1,338.5 won per dollar, an increase of 1.9 won from the previous session's close. At one point during the morning, the won reached a high of 1,336.3 per dollar, marking its strongest level since September 10.

This gain was observed amid the overall strength of the US dollar, with the Federal Reserve's minutes released overnight indicating concerns over inflation risks. Additionally, foreigners sold approximately 2 trillion won ($1.5 billion) worth of local shares in the latest regular trading session, causing the Korea Composite Stock Price Index to decline by 2.62 percent, closing at 6,625.93.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.