
The South Korean won began 24-hour trading for the first time, marking a milestone in Seoul's efforts to open its financial markets. The currency was stable against the US dollar, easing 0.1% to 1,531.40 after initially rising 0.2% at the 6am start. Other major currency pairs remained little changed. The move is part of a long-term push to improve foreign access to local markets.
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The won eased 0.1% to 1,531.40 against the dollar after initially rising 0.2%.
The South Korean won began its first day of 24-hour trading.
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The South Korean won began its first day of 24-hour trading.
South China Morning PostThe South Korean won was stable against the dollar after inching higher as the currency began its first day of 24-hour trading, marking a step in Seoul’s push to open its financial markets to global investors. The won eased 0.1 per cent to 1,531.40 against the US dollar, after rising as much as 0.2 per cent when it started trading at 6am. Other major currency pairs were little changed.
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The South Korean won began its first day of 24-hour trading.
South China Morning PostThe won eased 0.1 per cent to 1,531.40 against the US dollar.
South China Morning PostThe won rose as much as 0.2 per cent when it started trading at 6am.
South China Morning PostOther major currency pairs were little changed.
South China Morning PostThe launch of 24-hour trading is the centrepiece of a years-long effort to improve foreign access to local financial markets.
South China Morning Post