Group 1 - South Korea's president announced plans to open the currency market for around-the-clock trading to enhance foreign investor access and boost the domestic stock market [1][2] - The government aims to address the lack of an offshore won market, which has contributed to South Korea's classification as an emerging market by MSCI [2] - The onshore currency market is gradually being opened to foreigners, with new trading hours extending from 9 a.m. local time to 2 a.m. the next day [3][4] Group 2 - The president's comments come amid stalled U.S. trade talks regarding a $350 billion investment package, raising concerns about potential foreign exchange crises [5][6] - The won has weakened significantly, reaching its lowest level since mid-May at 1,414.0 per dollar, indicating market caution regarding intervention [6][7]
South Korea plans around-the-clock FX trade, US talks hit won
Yahoo Finance·2025-09-26 00:45