South Korean won edges up, focus still on stocks
Published: 20 Aug 2009 18:23:05 PSTSEOUL, Aug 21 - The South Korean won <KRW=> rose slightly against the dollar on Friday, as traders decided a potentially severe correction in global stock markets was less likely.
The won was up half a percent at 1,241.3/1.9 per dollar at 0015 GMT from Thursday's domestic close of 1,246.9 <KRW=KFTC>.
Traders are awaiting the opening of Chinese stock markets, whose wild fluctuations in recent days have had a ripple effect throughout world financial markets.
The won showed a muted reaction to customs data, released early on Friday, that showed South Korea was running a monthly trade surplus of $2.1 billion for the first 20 days of the month. [ID:nSEO164599]
0015 GMT Prev close Won 1,241.3/1.9 1,246.9 Yen/won 13.1986/089 13.1968/028 KOSPI 1,586.27 1,576.39
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2Entrepreneurblues
- 3ANALYSIS-CFTC cautious on position limits, set
- 4AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 5Beware of phishing scams if you are using
- 6Beyond The Anti-Virus Arms Race
- 7Help protect yourself from phishing scams and
- 8China Longyuan Power plans HK$17.5-bln HK IPO
- 9Acer's Mobile Gamble
- 10Foreign e-commerce market expands for DIY
