Monday, May 14, 2007

Korea's Won Trades Near Highest in Four Month; Government Bonds Decline

(Bloomberg) -- South Korea's won stayed near its strongest since December on speculation overseas investors will keep buying the nation's equities. Government bonds fell.

The won traded within 0.2 percent of its highest since Dec. 18, reached on May 7, as the benchmark stock index yesterday closed at a record high on optimism economic growth will accelerate. Investors based abroad became net buyers of Korean shares this year after being net sellers in 2006, according to stock exchange data.


Read more at Bloomberg Bonds News

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