(Bloomberg) -- The South Korean won advanced to near
its highest in two weeks on speculation gains in local equities
will encourage overseas investment in the nation's assets.
The won has advanced 2.5 percent over the past three months
as signs of an economic recovery helped boost Korean stocks by 21
percent this year to a record close yesterday. Reports last week
showed overseas sales rose more than expected in May and service
companies increased output at a faster pace in April.
Read more at Bloomberg Currencies News
its highest in two weeks on speculation gains in local equities
will encourage overseas investment in the nation's assets.
The won has advanced 2.5 percent over the past three months
as signs of an economic recovery helped boost Korean stocks by 21
percent this year to a record close yesterday. Reports last week
showed overseas sales rose more than expected in May and service
companies increased output at a faster pace in April.
Read more at Bloomberg Currencies News
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