Sunday, April 22, 2007

South Korean Won Advances to Three-Month High as Overseas Funds Buy Stocks

(Bloomberg) -- South Korea's won rose to the strongest in more than three months after overseas investors bought equities as the benchmark stock index climbed to a record.

The won has advanced for three weeks as reports showed department store sales rose last month, the jobless rate remained at a four-year low and the nation signed a free trade agreement with the U.S. that is expected to boost exports.


Read more at Bloomberg Currencies News

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