(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 the net purchases 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 the net purchases 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
No comments:
Post a Comment