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Won Falls Most in a Month on Intervention Concern; Bonds Steady

South Korea’s won fell the most in more than a month on concern authorities will intervene to slow gains after global demand for local shares boosted the currency to an eight-month high. Government bonds remained steady.

Short-term volatility in financial markets has increased and authorities will respond “flexibly” to instability if needed, Bank of Korea Governor Kim Choong Soo said in Seoul today. The won has gained 6 percent this quarter, Asia’s best performance, as global funds added almost $9.2 billion to their holdings of equities in the period, exchange data show.