S. Korean won extends gains against U.S. dollar on strong exports

The Korean won has reached a fresh two-year high against the US dollar, buoyed by strong exports and foreign inflows. As of 3:30 p.m., the exchange rate stood at 1,325.2 won per dollar, a 2.9 won increase from the previous trading session. This marks the fourth consecutive session of the won hitting record highs since October 2, 2024.

Government data revealed that exports for the first 20 days of October more than doubled to US$61.6 billion, largely driven by a surge in semiconductor shipments. Concurrently, foreign investors purchased a net 659.9 billion won ($497.3 million) worth of local shares during the latest regular trading session, leading the Korea Composite Stock Price Index to rise by 3.29 percent and 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.