Korean won extends gains against US dollar on strong exports

The Korean won has reached a two-year high against the U.S. dollar, buoyed by a surge in exports and foreign investments. As of 3:30 p.m., the exchange rate stood at 1,325.2 won per dollar, marking a 2.9 won increase from the previous session's close. This surge marks the fourth consecutive session in which the won has achieved its highest level since October 2, 2024.

Additionally, the nation's exports more than doubled to $61.6 billion in the first 20 days of October, largely driven by strong shipments of semiconductors. Meanwhile, foreign investors purchased a net 659.9 billion won worth of local shares during the latest trading session, with the Korea Composite Stock Price Index surging 3.29 percent to close at 5,735.66.

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.