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Updated · Bloomberg · Jul 5South Korean Won Rises 0.2% to 1,527.80 on First Day of 24-Hour Trading
3 articles · Updated · Bloomberg · Jul 5Summary
- The won edged up to 1,527.80 per dollar in its first session under South Korea's new 24-hour trading regime.
- The 0.2% gain came as the currency market extended trading around the clock, marking a structural shift in how the won is traded.
- Other major currency pairs were little changed, leaving the won's move as the main market reaction on the debut day.
Insights
Will 24-hour trading finally erase the 'Korea Discount' and secure its coveted developed market status? As South Korea's market never sleeps, will it attract stable investment or unleash uncontrollable after-dark volatility?