Seoul:The South Korean won surged to its highest level in 15 days against the U.S. dollar on Thursday, driven by sustained foreign investment in local stocks.
According to Yonhap News Agency, the won was trading at 1,330.7 per dollar at 330 p.m., marking an increase of 2.9 won from the previous session's closing. At its peak during the afternoon trading, the won reached 1,327.7 per dollar, its strongest since October 28.
The strengthening of the won was further bolstered by dollar sales from local exporters. Foreign investors purchased a net total of 340 billion won, equivalent to approximately US$255 million, in local shares during the latest trading session. Despite this, the benchmark Korea Composite Stock Price Index saw a decline of 0.61 percent, closing at 5,342.73.