Wednesday, June 13, 2007

South Korea's Won Rises After Overseas Investors Buy Nation's Equities

(Bloomberg) -- South Korea's won rose after
overseas investors bought more of the nation's stocks than they
sold for the first time in seven days.

Foreign fund managers bought won to purchase $39 million of
Korean shares in the first 15 minutes of trading, according to
stock exchange figures. Korea's benchmark Kospi share index
climbed as much as 1.4 percent.


Read more at Bloomberg Currencies News

No comments: