The South Korean won strengthened to around 1,428 per dollar on Wednesday, extending gains to its strongest level in almost three months, tracking broad US dollar weakness. The greenback slid to multi-year lows as markets were emboldened by President Donald Trump’s remarks signaling comfort with a weaker dollar, reinforcing selling pressure and lifting Asian currencies broadly. The won also drew support from strong foreign demand for Korean equities, with the KOSPI pushing fresh record highs led by semiconductors, autos, and battery stocks, boosting FX inflows. Meanwhile, trade-related risks with the United States remain a key overhang, following renewed tariff threats earlier in the week. However, near-term pressure eased after President Trump said Washington would “work something out” with Seoul, helping markets treat the dispute as a negotiation risk rather than an immediate policy shock.
Related Articles
Check Also
Close
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





