Trading hours for Korea's foreign exchange market for won-dollar transactions were extended until 2.a.m. from Monday as part of the government's efforts to enhance investors' convenience and improve market access.
The won-dollar exchange market trading hours will be extended to 2 a.m. starting July 1, allowing investors in overseas stocks to trade at market rates late into the night.
The Kopi rose 10.69 points, or 0.39 percent, to close at 2,745.05.
Shares surged more than 2 percent as hopes of a U.S. rate cut lifted investor sentiment. Samsung and SK hynix were among major gainers.
An Hana Bank employee checks yen and dollar sat Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul. The yen-to-dollar exchange rate stands at 155 yen, marking a record low for the first time in 34 years.
The Korean won has stabilized against the dollar and is expected to hold steady in the absence of worsening tension in the Middle East.
The International Monetary Fund's Asia director said the current exchange rate volatility does not pose a significant challenge to Korea, calling for the Bank of Korea to decouple from the U.S. Federal Reserve's monetary policy.
Lee's idea of gaining popularity at the expense of damaging the public finance and national credibility won’t please that many people.
Korea JoongAng Daily Sitemap