Won Rebounds on Stock Inflows Amid Currency Conflict; Bonds Gain
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South Korea’s won rebounded from yesterday’s biggest decline in a week after foreign investors pumped money into local stocks even as the central bank flagged risks to the economy from a weaker yen.
Overseas funds bought $30 million more Korean shares than they sold yesterday, taking inflows this month to $560 million, exchange data show. They pulled $1.7 billion from local equities in January. Almost 58 percent of respondents to the Bank of Korea’s bi-annual survey published yesterday said currency conflict was a risk to the economy.