Wednesday, June 13, 2007

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

(Bloomberg) -- South Korea's won strengthened after
overseas investors turned net buyers of the nation's stocks for
the first time in seven days.

Fund managers bought won to purchase $47 million of Korean
shares in early trading, according to stock exchange figures. The
benchmark Kospi index climbed as much as 1.6 percent.


Read more at Bloomberg Currencies News

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