Korean Won Rises, Reversing Drop, as Benchmark Stock Index Pares Losses

(Bloomberg) -- South Korea's won gained as the
nation's benchmark stock index pared losses, easing concern
investors will shun emerging-market assets.

The won reversed a slide of as much as 0.3 percent on
speculation overseas investors will keep putting funds into the
region as China's CSI 300 Index rose to a record. The won rose
1.3 percent this quarter as so-called net purchases by fund
managers abroad were 10 times more than in the first quarter.


Read more at Bloomberg Currencies News