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Korean Won Rises for Third Week on Inflows; Intervention a Risk

The won rose for a third week as signs of improvement in the global economy boosted the outlook for exports and spurred demand for emerging-market assets.

Overseas investors added to their holdings of Korean shares for a sixth day, building on $1.5 billion of net purchases this week through yesterday. The currency reached a one-month high on Sept. 15, before Japanese intervention to weaken the yen spurred speculation Korean authorities will take steps to counter appreciation that threatens exports.