(Bloomberg) -- South Korea's won strengthened for a
second day as a gain in the benchmark index to a record boosted
speculation overseas investors will buy more equities.
Demand for the won has increased as international investors
purchased $2.58 billion more Korean shares than they sold this
quarter, more than 10 times of the net-purchase in the first
quarter, according to stock exchange data. That helped boost the
currency to a four-month high, raising speculation the central
bank would sell won to help exporters.
Read more at Bloomberg Currencies News
second day as a gain in the benchmark index to a record boosted
speculation overseas investors will buy more equities.
Demand for the won has increased as international investors
purchased $2.58 billion more Korean shares than they sold this
quarter, more than 10 times of the net-purchase in the first
quarter, according to stock exchange data. That helped boost the
currency to a four-month high, raising speculation the central
bank would sell won to help exporters.
Read more at Bloomberg Currencies News
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