Korean won hits 15-day high against US dollar on foreign inflows

The Korean won reached its strongest level in 15 days against the U.S. dollar on Thursday, buoyed by foreign investors who remained net buyers of local stocks. The currency was quoted at 1,330.7 won per dollar at 3:30 p.m., marking a 2.9 won increase from the previous trading session's close. At one point during afternoon trading, the won even soared to a high of 1,327.7 won per dollar, the strongest level since October 28.

This rally was further supported by local exporters' dollar sales. Foreign investors purchased a net 340 billion won ($255 million) worth of local shares during the latest regular stock trading session, while the benchmark Korea Composite Stock Price Index slipped 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.