The South Korean won moves slightly against the US dollar on its first day of 24-hour trading, as Seoul launches a shift aimed at widening foreign access to its financial markets. Bloomberg reports the won inches higher, while the Financial Post describes it as steady after an initial uptick. The South China Morning Post adds more detail on intraday moves, saying the won eases about 0.1% to 1,531.40 per US dollar after rising as much as 0.2% at the start of trading at 6am. It also notes that other major currency pairs are little changed.
Across the coverage, the start of round-the-clock trading is presented as a milestone in a longer effort by South Korea to open parts of its financial system to global investors. While sources differ slightly in how they characterize the won’s movement—“edges higher” versus “steady”—all describe a modest change near the start of the new trading schedule rather than a large market reaction. The won’s behavior remains the focus as trading continues under the new hours.
