(Bloomberg) -- South Korea's won strengthened the most in four weeks on speculation exporters bought the currency near a two-week low.
Earnings for Korean manufacturers increase in local- currency terms when they convert profit as the won drops. Stocks rose to near a record high, prompting inflows from overseas, which encouraged exporters to buy won. Businesses were more optimistic about the economic outlook for May, partly because of rising exports, a survey by the Federation of Korean Industries showed.
Read more at Bloomberg Currencies News
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