Korean won hits 15-day high against US dollar on foreign inflows
The Korean won extended gains to its strongest level in 15 days against the U.S. dollar Thursday, as foreign investors remained net buyers of local stocks. The won was quoted at 1,330.7 won per dollar at 3:30 p.m., up 2.9 won from the close of the previous stock trading session. At one point in afternoon trading, the won rose to a high of 1,327.7 won per dollar, marking the strongest level since…
The Korean won reached its strongest level in 15 days against the US dollar on Thursday, buoyed by foreign investors' continued net purchases of local stocks. The currency was trading at 1,330.7 won per dollar by 3:30 p.m., a rise of 2.9 won from the previous session's close. The won hit a high of 1,327.7 won per dollar during the afternoon, the strongest level since October 28.
This gain was supported by local exporters' dollar sales, with foreign investors buying a net 340 billion won ($255 million) worth of local shares during the latest trading session. The Korea Composite Stock Price Index fell 0.61 percent to close at 5,342.73.
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.
