Sunday, April 15, 2007

Korean Won Rises to Three-Month High; Government Bonds Drop as Stocks Gain

(Bloomberg) -- South Korea's won rose to the strongest in more than three months as overseas investors bought the nation's equities. Government bonds fell.

South Korea's currency has advanced 1.7 percent against the dollar in the past month as stock purchases by investors abroad helped drive the benchmark equity index to a record today. The won on April 13 broke through 930, near a level where its appreciation had stalled four times since Jan. 3, helping to accelerate gains.


Read more at Bloomberg Bonds News

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