Skip to content
Subscriber Only

Korean Won Strengthens as ECB Stress Tests Boost Global Stocks

Updated on

South Korea’s won led gains in Asia after the results of balance-sheet tests on European lenders spurred demand for riskier assets, helping emerging markets attract funds.

The won was also pushed toward this month’s high by speculation local exporters will repatriate overseas income to meet month-end bills. The MSCI Asia Pacific Index of shares rose